Kuwait’s Gulf Petroleum Exploration eyes expansion in Pakistan’s energy sector

Profit reported that Kuwait-linked Gulf Petroleum Exploration Pakistan (GPXP) is considering a larger role in the country's energy sector, both through extra spending and a wider footprint of activities. The plan came up at a Thursday meeting between Federal Minister for Petroleum Ali Pervaiz Malik and senior officials of the company, including its chief executive Khaled Al Saati. The administration hopes to channel additional overseas money toward petroleum prospecting and growth.

A post-meeting statement said the firm wants to lift its investment and grow its contribution to the sector. Malik welcomed the proposal and pledged government backing and facilitation for the plans. GPXP already works in oil and gas exploration in Pakistan, and its representatives acknowledged that official support while reaffirming their commitment to the country.