ISLAMABAD: Minister for Petroleum Ali Pervaiz Malik on Tuesday reaffirmed Pakistan’s commitment to expanding its decades-long energy partnership with Kuwait, as the government seeks to attract greater foreign investment in the country’s oil and gas sector.
He made the remarks during a meeting with Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq Ibrahim on Tuesday, state-run Radio Pakistan reported.
They agreed to strengthen collaboration between Pakistan and KUFPEC, particularly in upstream oil and gas exploration and investment.
Malik described Kuwait as a longstanding and trusted partner, highlighting the two countries’ 50-year relationship in the energy sector. He reaffirmed the government’s commitment to deepening bilateral energy cooperation and attracting foreign investment.
Minister for Petroleum @AliPervaiz450 has vowed to further expand Pakistan’s longstanding cooperation with Kuwait in the energy sector
@Official_PetDiv #News #RadioPakistan https://t.co/QWT7fMIie7 pic.twitter.com/PPrfikaoy6— Radio Pakistan (@RadioPakistan) July 21, 2026
Tariq Ibrahim said KUFPEC was exploring new investment opportunities in Pakistan’s upstream oil and gas industry. In response, the petroleum minister assured the company of the government’s full support, pledging to provide a favourable investment climate and facilitate international investors in the country’s energy sector.
The meeting took place amid heightened geopolitical tensions in the Middle East, with renewed friction between the United States and Iran raising concerns over the security of energy supplies and shipping through the Strait of Hormuz, a vital artery for global oil trade.
Pakistan has consistently urged all parties to exercise restraint and pursue dialogue, warning that further escalation could threaten regional stability, disrupt energy markets and hamper international trade.
The talks also come as Pakistan and Kuwait explore broader avenues of cooperation in energy security and investment in response to growing regional uncertainty.
Reuters reported last week that the two countries were discussing an expanded strategic partnership that could include energy cooperation, although officials said the discussions were still at an early stage.
Also Read: Oil Prices Dip as Pakistan-led Mediation Efforts Offset US-Iran Hostility
It is pertinent to mention that Oil prices edged lower on Tuesday as Pakistan-led diplomatic efforts to contain the conflict between the United States and Iran eased concerns about disruption to global energy supplies, offsetting the impact of fresh military exchanges.
Brent crude futures fell 35 cents, or 0.4 per cent, to $88.87 per barrel, while US West Texas Intermediate (WTI) crude for September delivery traded around $82.47 per barrel.
The decline came after reports claimed that regional mediators had presented a 10-day ceasefire proposal to reduce tensions and create space for renewed diplomatic contacts between Washington and Tehran.
