'Big news' expected as Pakistan undertakes oil and gas exploration off Karachi
Maritime Minster Ali Haider Zaidi on Friday shared pictures of activities at the Karachi port exploration.
Pakistan's new government is hopeful that the country would succeed in exploring vast reserves of oil and gas off Karachi coast.
Prime Minister Imran Khan in his recent speeches also spoke of the natural resources Pakistan can explore in the coming days with the help of some international companies.
Maritime Minster Ali Haider Zaidi on Friday shared pictures of activities at the Karachi port ahead of exploration work.
Also read: PM Imran says offshore drilling if successful can produce gas reserves enough for 50 years
The minister also posted a picture of ships anchored at the port. "Supply ships transporting equipment to “Mother of All Rigs” docked 230km off the Karachi coast for exploration of oil & gas arrived at KPT.
He wished best to the ExxonMobil and ENI, the companies who are undertaking the drilling,
"let us all pray for a global discovery. From the looks of it, big news Inshallah," he wrote on Twitter.
-
Asia shares jump after Trump hints Iran conflict could end in '2-3 weeks'
-
Unilever eyes $60B food empire in landmark deal with McCormick
-
Korean Air triggers emergency management mode as fuel prices soar
-
Oil surge tests US airlines, opens door for industry shakeout
-
Iran conflict sends oil above $115, triggers Asia market sell-off
-
Is ChatGPT's growth hiding bigger financial risk?
-
xAI’s last original co-founder leaves company
-
Economic outlook: How AI could reshape London’s business landscape
-
Gold’s price drop explained: Drivers, risks and 2026 outlook
-
NSF fee changes in place across Canada as government limits charges on personal accounts
-
Adobe stocks drop after strong revenue but weak guidance for next quarter
-
Canada interest rates: what to expect amid rising oil prices and global uncertainty