Karachi, August 25, 2023 – Mari Petroleum Company Limited, a key player in Pakistan’s energy sector, announced on Friday that it has successfully acquired an exploration license from the Balochistan government.
In an official statement submitted to the Pakistan Stock Exchange (PSX), the company disclosed that the Directorate General Mines and Minerals Balochistan has granted them an exploration license, denoted as EL-186, while allocating an expansive area covering 501 square kilometers for mineral exploration. This allocated area is situated near Dalbandin in the Chagai District of Balochistan.
The move signifies a strategic shift for Mari Petroleum Company Limited, aligning with its strategic objective of diversifying into near-core areas and contributing to the growth of Pakistan’s mineral mining sector.
The acquisition of this exploration license holds significant promise for both the company and the region. Mineral exploration in Balochistan, known for its vast and diverse mineral resources, has the potential to unlock substantial economic opportunities and contribute to the country’s energy security.
This development reflects the company’s commitment to expanding its operations and investments in Pakistan’s mineral sector, which plays a pivotal role in the nation’s economic development. The mineral exploration project is expected to create employment opportunities, boost local economies, and contribute to the overall prosperity of the region.
As Mari Petroleum Company Limited embarks on its mineral exploration journey in Balochistan, it will be closely watched by industry stakeholders and the government alike. The successful execution of this project could serve as a model for sustainable and responsible mineral exploration and mining in Pakistan, setting the stage for further investments in the country’s mineral sector.
This strategic move underscores the company’s dedication to contributing to the growth of Pakistan’s mineral industry and reinforces its position as a key player in the nation’s journey towards self-sufficiency and economic development.
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