• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    1. Home>
    2. ResourceEnergy InvestingOil and Gas Investing>
    Loading...
    0

    China and Pakistan to Deepen Alliance Through Joint Mining and Energy Ventures

    Giann Liguid
    Jun. 12, 2024 09:25AM PST

    China and Pakistan have agreed to strengthen cooperation in their mining and energy sectors, deepening their economic partnership under the China-Pakistan Economic Corridor.

    China flag.
    Alejandro Luengo / Unsplash

    China and Pakistan have agreed to strengthen their mining and energy cooperation, deepening their economic partnership under the China-Pakistan Economic Corridor (CPEC), part of China's Belt and Road Initiative.

    Reuters states that the announcement was made during Pakistani Prime Minister Shehbaz Sharif's recent visit to Beijing, where he sought to bolster bilateral ties and economic collaboration between the two nations.

    A joint statement emphasizes the nations' commitment to enhancing mining cooperation and implementing a comprehensive pact aimed at advancing mine development and industrial cooperation.


    How CPEC strengthens bilateral ties on mining, oil and gas

    As part of the deal, Chinese firms are expected to increase their investment in Pakistan's mining industry, focusing on the development of mining industry parks and the deep processing of ores.

    Additionally, China will support Pakistan in exploring marine oil and gas resources and natural gas hydrates, encouraging Chinese companies to participate in the development of offshore oil and gas blocks in Pakistan.

    This strengthened cooperation is expected to be a significant boost for Pakistan's struggling economy.

    Since 2013, Chinese investment and financial support have played a crucial role in helping Pakistan manage its external financing needs, particularly through the rolling over of loans. China has invested over US$65 billion in infrastructure and development projects in Pakistan under CPEC, which is a key component of the Belt and Road Initiative.

    As the first decade of CPEC concludes, both sides are committed to upgrading the project by implementing eight major steps to support high-quality Belt and Road Initiative cooperation.

    This includes creating an innovative, green and open corridor aligned with Pakistan's 5Es Framework, which focuses on exports, e-Pakistan, environment, energy and equity and empowerment.

    Gwadar Port, a critical node in regional connectivity, is also set to receive further development for its auxiliary infrastructure to maximize its potential as a transshipment hub with its own shipyard.

    “The CPEC has been a flagship project of the Belt and Road Initiative. Over the last 10 years, it has immensely contributed to the socioeconomic development of Pakistan,” said Ashan Iqbal, Pakistani minister for planning, development and special initiatives. “Through the CPEC, Pakistan has added more than 8,000 megawatts of power to its energy grid. More than 500 kilometers of motorways and 800 kilometers of highways have been constructed,” he told the Global Times.

    The enhanced cooperation under CPEC is expected to not only benefit China and Pakistan, but also positively impact neighboring regions, including Iran, Afghanistan and Central Asian republics.

    Don't forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    From Your Site Articles
    • Top 5 Oil and Gas Stocks on the TSX and TSXV in 2024 ›
    • Top 10 Countries for Natural Gas Production (Updated 2024) ›
    • Top 10 Oil-producing Countries (Updated 2024) ›
    • Is Now a Good Time to Invest in Oil Stocks? ›
    https://x.com/giannliguid
    https://www.linkedin.com/in/giannliguid/
    The Conversation (0)

    Go Deeper

    AI Powered
    Metallic ores on conference table with international flags in background.

    Canada Backs Port Expansions, Strikes Critical Minerals Deal With Germany

    Cooling towers emitting steam under a cloudy sky.

    Major Uranium Deposit Find Lifts Beijing’s Nuclear Ambitions

    Giann Liguid

    Giann Liguid

    Writer

    Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics.

    When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs.

    Latest News

    Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

    CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

    CORRIGE: CHARBONE Hydrogene acquiert des actifs de production d'hydrogene et cloture une premiere tranche d'un financement par placement prive de 1 M$

    Alvopetro Announces August 2025 Sales Volumes

    Charbone Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Oil and Gas Investing Stocks

    Alvopetro Energy

    ALV:CC

    Coelacanth Energy

    CEI:CC

    Jupiter Energy

    JPR:AU

    Charbone Hydrogen

    CH:CC

    BPH Energy

    BPH:AU

    Trillion Energy International

    TCF:CNX
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×
    Giann Liguid
    Giann Liguid

    Writer

    Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics.

    When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs.

    Full Bio

    Follow

    Learn about our editorial policies.