Pakistani province eyes to use Azerbaijan’s oil exploration experience

Oil&Gas Materials 27 November 2019 11:22 (UTC +04:00)
Pakistani province eyes to use Azerbaijan’s oil exploration experience

BAKU, Azerbaijan, Nov.27

By Leman Zeynalova – Trend:

The Khyber Pakhtunkhwa province of Pakistan is interested in using Azerbaijan’s experience in oil exploration, said Mushtaq Ahmad Ghani, speaker of Khyber Pakhtunkhwa Assembly, the unicameral legislative body of the province.

He made the remarks during a meeting with Azerbaijan’s ambassador to Pakistan Ali Alizada at Assembly Secretariat, Trend reports citing Pakistan Observer.

Ahmad Ghani invited Azerbaijan government to invest in Pakistan’s agriculture and energy sectors.

“Azerbaijan is richly endowed with oil resources and provincial government is interested to take benefits of its experiences in oil exploration,” noted the speaker.

He also highlighted the need to start direct flight between two countries.

Azerbaijan and Pakistan are in contact for signing the agreement on oil supply.

SOCAR Trading, the trading house of the Azerbaijan’s state oil company SOCAR, 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.

Earlier, Economic Coordination Committee (ECC) of the Cabinet of Pakistan approved the fuel supply agreement with SOCAR.


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