A report from Pakistan revealed that the Oil and Gas Development Company (OGDC) of Pakistan plans to launch oil and gas exploration projects in Libya, in partnership with Russia’s Gazprom and the Turkish Petroleum Corporation.
According to the report, negotiations between the Pakistani company and its Turkish and Russian partners have reached advanced stages.
The projects are expected to be launched in both Libya and Vietnam as part of an international expansion strategy aimed at entering new energy markets.
The report also noted that OGDC is currently engaged, alongside other Pakistani companies, in oil and gas exploration activities in a maritime area belonging to the United Arab Emirates, as part of efforts to strengthen its regional presence and expand operations beyond Pakistan.
Pakistan
Pakistan is a modern nation-state established in 1947 following the partition of British India, created as a homeland for South Asian Muslims. Its territory encompasses ancient Indus Valley Civilization sites like Mohenjo-daro, and it has been shaped by a rich history of various empires, including the Mughal Empire, and later British colonial rule.
Oil and Gas Development Company
The Oil and Gas Development Company (OGDCL) is Pakistan’s national and largest petroleum exploration and production company, founded in 1961. It was established to develop the country’s indigenous oil and gas resources and has played a pivotal role in major hydrocarbon discoveries, significantly contributing to Pakistan’s energy sector.
OGDC
The Oil and Gas Development Company Limited (OGDC) is a state-owned corporation and the largest exploration and production company in Pakistan. It was established in 1961 to develop the country’s oil and gas resources, playing a pivotal role in Pakistan’s energy sector. Its history is marked by significant domestic discoveries, including the major Toot Oilfield.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. Its cultural sites include the well-preserved Roman ruins of Leptis Magna, a UNESCO World Heritage site.
Russia
Russia is the world’s largest country by land area, spanning Eastern Europe and Northern Asia. Its history is marked by the rise and fall of the Tsarist Empire, the 1917 Bolshevik Revolution which established the Soviet Union, and its re-emergence as the Russian Federation in 1991 following the USSR’s dissolution.
Gazprom
Gazprom is a Russian majority state-owned multinational energy corporation, originally established in 1989 as the Soviet Ministry of Gas Industry. It is the world’s largest natural gas company and a crucial entity in Russia’s economy and geopolitical strategy, controlling extensive reserves and pipeline networks.
Turkish Petroleum Corporation
The Turkish Petroleum Corporation, known today as TPAO, was founded in 1954 by the Turkish government to manage the country’s hydrocarbon resources. It grew from the earlier Turkish Petroleum Company, established in the final years of the Ottoman Empire, and has played a central role in Turkey’s energy exploration and production, both onshore and offshore.
Vietnam
Vietnam is a Southeast Asian country with a rich history shaped by millennia of indigenous dynasties, Chinese rule, and French colonization, culminating in its independence in the mid-20th century. Its cultural sites, such as the complex of Huế Monuments and Ha Long Bay, reflect this deep historical and natural heritage.
United Arab Emirates
The United Arab Emirates is a federation of seven emirates on the Arabian Peninsula, established in 1971 following the end of British protectorate treaties. Historically a region of pearl diving, fishing, and trade, its modern history is defined by the discovery of oil in the mid-20th century, which rapidly transformed it into a global hub of commerce, tourism, and architecture.
