Pakistan-Azerbaijan committed to enhance energy cooperation

Islamabad:(Rana Tariq)

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Ambassador of Azerbaijan to Pakistan H.E. Mr. Khazar Farhadov called on Minister of state for Petroleum Dr Musadik Malik at his office.

The focus of discussion was on strengthening Pakistan-Azerbaijan’s brotherly relations and expand the areas of cooperation to include diverse fields. The partnership in oil and gas sector can enhance to other sectors like tourism. Azerbaijan wishes to transform brotherly relations into economic ties along the lines of Turkey Azerbaijan relations.

The Minister lauded the long-standing relations of both the countries and reiterated the resolve of this government to further strengthen them. He has assured his full support to the Working Groups on energy. A focal person will be appointed from petroleum division for all energy sector collaborations.

Minister welcomed the investment proposals worth 100 million dollars from Azerbaijan’s state oil company SOCAR in LNG sector varying from terminal establishment to short term loans and deferred payment facility. With increasing energy needs of the country, such investment and partnership is a tremendous opportunity.

It was highlighted during the meeting that Pakistan has huge potential for oil and gas exploration. Both countries will discuss avenues of cooperation in this sector.

Ambassador praised Pakistan’s unconditional support to Azerbaijan and expressed his desire to take relations to new heights. The direct flights operation from Islamabad to Baku starting in June will boost people to people linkages.