Baku, Azerbaijan, Feb. 12
Trend:
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.