Pakistan to host ‘energy roadshow’ in Saudi Arabia

Pakistan is set to host a roadshow in Saudi Arabia to showcase its energy projects and attract Saudi investors. A delegation comprising public and private sector representatives from Pakistan’s energy sector will travel to Saudi Arabia next week, with Petroleum Minister Dr. Musadik Malik leading the group.

According to sources familiar with the matter, Pakistan and Saudi Arabia have been in ongoing talks for over two and a half years regarding potential energy sector cooperation. This upcoming visit is a continuation of these discussions, aimed at securing investment in Pakistan’s energy sector.

The delegation is expected to focus on key projects such as oil terminals, the establishment of new refineries, upgrading existing refineries, and oil pipeline initiatives, in a bid to encourage Saudi investors to participate in these ventures.

Pakistan and Saudi Arabia have already signed 27 memoranda of understanding (MoUs) across various sectors, including energy. Sources indicate that Pakistan is in urgent need of foreign investment, with the energy sector being one of the most promising areas for high returns. Saudi Arabia is seen as a key partner in attracting this investment.

Following the Saudi visit, the Pakistani delegation is also planning to visit Russia to explore additional opportunities for energy sector investments.