Marking a new chapter in Pakistan–Turkiye energy collaboration, Pakistan Petroleum Limited (PPL), a major energy company in the country, has finalised the Assignment Agreement for Eastern Offshore Indus Block C.

PPL disclosed the development in its filing to the Pakistan Stock Exchange (PSX) on Wednesday.

The deal covers the Eastern Offshore Blocks C, with Pakistan Petroleum Limited (PPL) transferring its 25% partnership share and operator role to Turkish Petroleum Overseas.

PPL will retain a 35% share in the project, while other partners include OGDCL and Mari Energies, which holds a 20% stake.

Officials said the collaboration marks the start of a new chapter in the country’s energy sector, aiming to boost exploration and production capabilities.

“This partnership is the result of high-level engagements between the governments of Pakistan and Turkiye, aimed at deepening bilateral cooperation in the energy sector and promoting Foreign Direct Investment (FDI) in Pakistan’s offshore exploration activities,” PPL said back then.

Turkiye have shown keen interest in Pakistan’s energy sector.

A visiting Turkish business delegation, including Minister of Energy and Natural Resources of Turkiye, Alparslan Bayraktar, said that Turkiye is planning to develop additional ventures in partnership with Pakistan, particularly in oil & gas exploration, energy infrastructure, and the mining sector.