PPL Secures Approval to Explore Balochistan’s Mineral Wealth

Pakistan Petroleum Limited (PPL) has taken a major step toward expanding its horizons. The company recently received conditional approval from the Government of Balochistan to explore precious and base metals in the mineral rich district of Chagai. This approval marks an exciting shift from hydrocarbons to minerals.
According to PPL’s notice to the Pakistan Stock Exchange (PSX), the license granted identified as EL-331 allows exploration of various mineral groups and associated elements in Chagai.

Strategic Expansion Beyond Energy

This move reflects PPL’s long term plan to diversify beyond oil and gas. The company aims to build sustainable growth and contribute more to Pakistan’s mining and resource development sector.
PPL emphasized that this exploration aligns with its commitment to expand its footprint in Pakistan’s mineral industry. However, the final approval process will complete once all legal, regulatory, and procedural conditions are fulfilled.

Exploring the Chagai Belt

Chagai, located in Balochistan, is globally known for its rich copper and gold deposits, including Reko Diq and Saindak. PPL’s new exploration efforts in this belt could unlock significant economic potential for both the company and the region.
Last year, PPL entered into a Joint Venture Agreement (JVA) with Degan Exploration Works (DEW) to explore minerals in the same area. This partnership reflects growing interest in Pakistan’s untapped mineral resources.

Strengthening Global Energy Links

In addition, PPL has been broadening its international partnerships. Earlier this month, the company announced a strategic collaboration with Turkish Petroleum Overseas Company (TPOC), a subsidiary of Turkiye’s national oil company TPAO.
This partnership, under the farm out process of the Eastern Offshore Indus C Block, aims to boost offshore exploration while strengthening Pakistan Turkiye energy cooperation. As a result, PPL continues to build a diverse portfolio that covers both hydrocarbons and minerals.

A Step Toward Sustainable Growth

By exploring minerals in Balochistan, PPL demonstrates its commitment to innovation and sustainability. The company’s growing interest in minerals shows that Pakistan’s resource future extends well beyond oil and gas.
With this new venture, PPL not only strengthens its position in the energy and minerals sector but also contributes to economic progress and job creation in Balochistan.