Interest Rises Following Trump’s Assertion
Following U.S. President Donald Trump’s claim in July that Pakistan holds “massive oil reserves,” several American companies have expressed interest in exploring opportunities in Pakistan’s energy sector. The U.S. envoy in Islamabad confirmed increased inquiries from firms keen on oil, gas, and mineral projects.
Government Works to Attract Exploration Bids
Pakistan’s Petroleum Minister Ali Pervaiz Malik recently met the U.S. Charge d’Affaires to strengthen energy cooperation. Discussions focused on upcoming exploration bidding rounds, with the U.S. embassy pledging to help establish links between American companies and Pakistan’s petroleum authorities.
Industry Skepticism Persists
Despite growing foreign interest, experts remain skeptical of Trump’s claim. Pakistan’s proven oil reserves are estimated between 234 million and 353 million barrels, modest compared to major oil-producing nations. Analysts argue Trump’s statement appears more political than grounded in geological surveys.
