Islamabad: Pakistan and Azerbaijan have decided to constitute a joint working group on energy – a news source reported.
Federal Minister for Petroleum Ghulam Sarwar Khan expressed his views on the matter. He was talking to Chingiz Coribhi, deputy head of Azerbaijan Mission.
The visiting dignitary informed that the State Oil Company of Azerbaijan Republic (SOCAR) is willing to invest in Pakistan’s LNG sector. To facilitate this end, the two countries will finalise an agreement this month.
He said that SOCAR focuses on exploration, production, processing and transportation of oil and gas. This company also markets petroleum and petrochemical products. It is a global network with operations in Ukraine, Romania, Georgia and Switzerland.
Moreover, the deputy head of mission invited Minister Ghulam Sarwar Khan to the Caspian Oil and Gas Exhibition and Conference in Azerbaijan on May 29.
It is pertinent to mention that Pakistan and Azerbaijan had finalised an inter-governmental agreement (IGA) in February 2017. This agreement pertains to the supply of a number of oil and gas products such as furnace oil, petrol, diesel and liquefied natural gas (LNG).