Pakistan relaunches offshore oil hunt after 18-year hiatus

Pakistan has reopened its offshore energy frontier to oil and gas exploration after an almost 18‑year gap, signing agreements for 23 deepwater blocks in a bid to reduce dependence on imported fuel and reshape the country’s economic future. The country’s Federal Minister for Petroleum, Ali Pervaiz Malik, finalised 21 new production sharing agreements (PSAs) and …

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