Baku, Azerbaijan, April 23
By Leman Zeynalova – Trend:
The Economic Coordination Committee (ECC) of Pakistan has allowed Pakistan State Oil (PSO) oil import on deferred payment from Azerbaijan without going into a bidding process, Trend reports citing Pakistani media.
Reportedly, the ECC, in a recent meeting, allowed PSO to sign a direct commercial deal with Azerbaijan’s state-run company SOCAR for oil import on deferred payment.
“PSO should expedite arrangements under a government-to-government deal with Azerbaijan to avail the deferred oil payment facility,” the Pakistani official said.
Earlier, SOCAR told Trend that SOCAR Trading will ink a long-term contact, envisaging supply of more than 1 million tons of oil products per year to Pakistan.
“A credit line will be provided for the initial batch of products worth $100 million. As a result, SOCAR becomes the second long-term supplier of oil and oil products to Pakistan,” said the company.
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