On Thursday, November 16th, 2023, Prime Pakistan Limited and KUFPEC (Kuwait Foreign Petroleum Exploration Company) solidified their commitment to collaboration with the signing of a Memorandum of Understanding (MoU) in Islamabad. The ceremony marked a significant milestone in the energy sector, underscoring the shared vision of both entities for mutual growth and innovation.

The MoU was formally executed by Mr. Tareq Ebrahim (Executive Vice President Operations) representing KUFPEC, and Mr. Kamran Ajmal Mian (Chief Executive Officer) of Prime Pakistan Ltd. This momentous occasion was graced by esteemed representatives from both organizations, including Mr. Bader Al Matar (Manager Asia Region), Mr. Ali Taha Al-Temimi (President KUFPEC Pakistan) and Mr. Nawwaf AlSaelm (Manager Exploration) alongside Mr. Muhammad Asim Subhani (Director New Business & Subsurface) and Mr. Shaheen Chughtai (Government Affairs Manager) from Prime Pakistan.

The primary objective of this strategic partnership is to foster collaboration and jointly evaluate

onshore and offshore projects, both within Pakistan and internationally. By leveraging the technical expertise and resources of both companies, the MoU aims to unlock new opportunities and enhance existing assets. Moreover, it strengthens the strategic alliance between Prime Pakistan Limited and KUFPEC, facilitating the exchange of knowledge and paving the way for future growth and success.

This momentous occasion marks the beginning of a promising journey of innovation, partnership, and shared success in the energy sector. Through collaborative efforts and synergies, Prime Pakistan Limited and KUFPEC are poised to make significant contributions to the exploration and development of energy resources, driving sustainable growth and prosperity for Pakistan and beyond.