January 16, 2026
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Published by Aeyan Raza
December 16, 2025
Pakistan is moving closer to a deeper energy partnership with Russia as talks intensify over a possible oil-sector agreement. The discussions signal Islamabad’s growing focus on securing affordable energy and attracting long-term foreign investment.
Finance Minister Muhammad Aurangzeb confirmed that active discussions are underway between the energy ministries of Pakistan and Russia. Speaking to Russia’s RIA news agency, he said Pakistan is eager to work with Moscow in oil, gas, and related sectors, areas where Russia has strong technical experience.
Aurangzeb described the potential cooperation as a “win-win” for both countries, adding that Pakistan wants to benefit from Russian expertise while offering long-term investment opportunities.
The talks build on existing cooperation. Pakistan began importing Russian crude oil in 2023 to reduce energy costs and diversify supply sources. Since then, engagement has expanded to oil and gas exploration, refinery upgrades, and mineral development.
Officials say both sides are also discussing the possibility of setting up another steel plant in Pakistan, along with joint ventures in energy exploration, production, and refining.
Momentum increased earlier this year when Petroleum Minister Ali Pervez Malik led Pakistan’s delegation to the St Petersburg International Gas Forum 2025. Addressing global energy leaders, Malik highlighted Pakistan’s energy reforms and investor-friendly policies, stressing transparency, diversification, and sustainability.
On the sidelines, Malik met senior Russian officials and energy executives, including Gazprom Chairman Alexey Miller. Both sides agreed to expand cooperation between Gazprom and Pakistan’s Oil and Gas Development Company, focusing on exploration, infrastructure, and joint projects. Talks also covered technology transfer, digital energy solutions, and mineral sector investment.
The renewed engagement follows a September meeting between Prime Minister Shehbaz Sharif and Russian President Vladimir Putin, where both leaders pledged to strengthen cooperation in energy, trade, and regional connectivity.
Officials say the growing Pakistan-Russia partnership reflects Islamabad’s broader strategy to secure reliable energy supplies and support long-term economic stability.
