ISLAMABAD (TDI): Pakistan’s Oil and Gas Development Company (OGDCL) has inked a Memorandum of Understanding (MOU) with China’s CCDC to explore the potential of shale and tight gas resources in Pakistan.
The agreement was finalized during the 8th Silk Road International Expo for investment and trade, with Minister for Petroleum Dr. Musadik Malik overseeing the signing ceremony.
OGDCL, China’s CCDC Sign MoU
The MOU reflects the commitment of both nations to develop Pakistan’s indigenous energy resources, aiming to alleviate the country’s energy challenges.
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Dr. Malik expressed his appreciation to the Chinese side for hosting Pakistan as the country of honor at the expo, emphasizing the desire for enhanced cooperation in the energy sector.
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This collaboration between OGDCL and CCDC is poised to unlock significant untapped energy potential in Pakistan, offering new opportunities for energy independence and mutual benefits for both countries.
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