Pakistan is likely to sign a commercial agreement with Azerbaijan , for supply of different petroleum products to meet its growing energy needs. Agreement will be reportedly signed on arrival of Azerbaijan Foreign Minister in Islamabad, during current month. The Officials said Azerbaijan is also interested in investing in LNG sector of Pakistan through its state oil company, which works in exploration and production of oil and gas besides marketing of petroleum and petrochemical products in domestic and international markets.
According to an official, the two sides had entered into an inter-governmental agreement in February 2017 for supply of furnace oil, petrol, diesel and liquefied natural gas.
Azerbaijan’s daily production of crude oil is approximately 860,000 barrels per dayand its annual gas production is approximately 29.4 billion cubic feet. The State Oil Company Azerbaijan Republic (SOCAR) has a wide network of petrol stations in Ukraine, Romania,Georgia, Switzerland and Azerbaijan under its brand name.
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16 July, 2019