Pakistan, Azerbaijan to ink oil and gas trade deal

  12 February 2017    Read: 1595
Pakistan, Azerbaijan to ink oil and gas trade deal
Pakistan and Azerbaijan are likely to sign an oil and gas trade at the end of the month, "Times of Islamabad" newspaper reported.
The two countries have already agreed on a draft government-to-government agreement for the energy sector and the cabinet has endorsed the draft.

“Azerbaijan has offered export of crude oil, petroleum products and liquefied natural gas (LNG) to Pakistan,” said a senior official of the Ministry of Petroleum and Natural Resources.

It has also expressed interest in constructing a terminal as well as LNG and liquefied petroleum gas (LPG) storages in a joint venture between Azerbaijan’s state oil company Socar and a Pakistan-designated company.

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