OGDCL Teams Up with Chinese Firm to Explore Pakistan’s Shale and Tight Gas Reserves
— September 22, 2024
ISLAMABAD (AIA) The Oil and Gas Development Company Limited (OGDCL) of Pakistan has signed a Memorandum of Understanding (MoU) with the Chinese company China Central Depository and Clearing (CCDC) to explore shale and tight gas resources in Pakistan. The signing ceremony took place during the 8th Silk Road International Expo for Investment and Trade Forum in Xi’an, China, and was attended by Pakistan’s Minister for Petroleum, Dr. Musadik Malik.
The MoU highlights the strong commitment of both countries to explore Pakistan’s untapped shale and tight gas potential, aiming to reduce the country’s reliance on energy imports by utilising its own resources.
Dr. Malik expressed gratitude to China for hosting Pakistan as the “Country of Honor” at the expo and noted that the partnership will strengthen ties between the two countries in the energy sector, benefiting both nations.