Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Christopher Nolan The Odyssey trailer
    Videos

    Christopher Nolan Drop ‘The Odyssey’ Trailer

    December 23, 2025 2 Min Read
    Supergirl trailer Milly Alcock
    EntertainmentVideos

    DC Releases First ‘Supergirl’ Trailer Starring Milly Alcock

    December 12, 2025 2 Min Read
    Hunger Games Sunrise on the Reaping trailer
    EntertainmentVideos

    Hunger Games Prequel Trailer Sparks Fan Frenzy Over 10-Second Silent Cliffhanger

    November 21, 2025 3 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: US-Pakistan Joint Oil Reserves Development Sparks Optimism
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Trump peace deals 2025
PhotoNews Pakistan > Pakistan > US-Pakistan Joint Oil Reserves Development Sparks Optimism
PakistanTop News

US-Pakistan Joint Oil Reserves Development Sparks Optimism

Web Desk
By Web Desk Published July 31, 2025 3 Min Read
Share
Image featured US President Donald Trump and Pakistan Prime Minister Shehbaz Sharif.
SHARE

On July 31, 2025, U.S. President Donald Trump announced a trade deal with Pakistan, including joint development of the country’s “massive” oil reserves. Trump stated on social media, “We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they’ll be selling oil to India someday!”

Oil industry experts have characterised the recent Pakistan-US deal as a positive step for Pakistan’s untapped oil and gas sector, which possesses considerable growth potential and promising opportunities, particularly in Balochistan, Khyber Pakhtunkhwa, and the tribal districts near Afghanistan. Furthermore, the development of offshore reserves and increased international collaboration could equip Pakistan with the essential resources it currently lacks.

Energy experts highlight that insufficient infrastructure and consistent under-investment have historically impeded exploration efforts. They consider the new partnership a vital step to attract investment, implement advanced technology, and encourage healthy competition within the sector.

Pakistan is estimated to have around 9 billion barrels of technically recoverable shale oil, according to the U.S. Energy Information Administration (EIA). Experts believe that harnessing these resources could significantly transform Pakistan’s economy, much like the impact of Saudi Arabia’s Aramco discovery.

Security and Exploration Challenges

Experts acknowledged hurdles, including law and order issues in Balochistan and Khyber Pakhtunkhwa, where militancy involving Tehreek-i-Taliban Pakistan and Baloch separatists persists. These regions, key to the China-Pakistan Economic Corridor, require improved security to attract investment. Offshore areas, free from such constraints, represent an under-explored opportunity.

The US sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to develop oil reserves https://t.co/Ut6jH2uPEx

— Bloomberg (@business) July 31, 2025

Pakistan’s current proven oil reserves stand at 353 million barrels, with production at 60,000 barrels per day and imports exceeding $12 billion annually, mainly from Saudi Arabia, the UAE, Qatar, Kuwait, and China.

The deal could reduce Pakistan’s reliance on imports and boost its economy. If realised with U.S. expertise, it might lead to a “transformative path,” as Khan described, fostering ambition in energy exploration. This aligns with Trump’s broader trade strategy, though details remain pending.

Read:Trump Terms India and Russia as “Dead Economies,” Imposes 25% Tariff on Indian Imports

The US-Pakistan trade deal signals potential economic growth for Pakistan amid energy challenges. It could enhance bilateral ties and global energy dynamics. For accurate updates on international trade, rely on trusted sources to avoid misinformation.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Pope Leo XIV

Pope Leo Condemns Gaza Suffering and Calls for Peace in Christmas Address

Joe Russo Home Alone 2

Joe Russo Rewatches Home Alone 2 and Spots a Long-Ignored Plot Gap

PTA SIM registration warning

PTA Issues Warning on SIM Registration, Accountability, and Biometric Scams

Post Archives

More Popular from Photonews

Lionel Messi India tour
Sports

Lionel Messi Earned INR900 Million on India Tour, Organiser Says

2 Min Read
Zarkhez mobile app agriculture loan Pakistan
Pakistan

Zarkhez App: Pakistan Offers Rs1 Million Agri Loans Via Mobile

2 Min Read
Trump photo Epstein database reinstated
World

DOJ Reinstates Trump Photo in Epstein Files After Review Finds No Victims

2 Min Read
Tech

Facebook Tests Paid Link Sharing, Limits Free Links for Users

Facebook has started testing a major change to how users and businesses share links, signalling a…

December 19, 2025
Sports

Pakistan Win Men’s U19 Asia Cup With 191-Run Victory Over India

Pakistan were crowned champions of the Men’s U19 Asia Cup after delivering a commanding 191-run victory…

December 21, 2025
TechTop News

FDA Approves Cytokinetics’ Myqorzo for Rare Heart Condition

The U.S. Food and Drug Administration has approved Cytokinetics’ oral drug Myqorzo for the treatment of…

December 21, 2025
Pakistan

Interpol Drops Extradition Request for Zulfi Bukhari in Setback for Interior Ministry

The International Criminal Police Organisation has dropped Pakistan’s extradition request against senior Pakistan Tehreek-e-Insaf leader Zulfi…

December 21, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?