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4-Traders Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Pakistan State Oil Company Limited    PSO   PK0022501016

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Pakistan State Oil : Azerbaijan, Pakistan to co-op in energy sector

11/28/2015 | 12:03pm US/Eastern

Azerbaijan and Pakistan intend to sign a memorandum for energy sector cooperation.

Azerbaijans Energy Ministry reported that the two countries cooperation was discussed at a meeting between Azerbaijans Energy Minister Natig Aliyev and Pakistan State Oil Companys CEO and Managing Director Sheikh Imran ul Haque.

Talks on signing of a memorandum [for energy sector cooperation] are underway between governments of Azerbaijan and Pakistan at the level of working groups, said the ministry. Azerbaijan is ready to support the development of energy sector cooperation with Pakistan.

Azerbaijan has reinforced ties with the energy systems of neighboring countries, which, in the long run, makes it possible to transmit electricity to Pakistan, Minister Aliyev said at the meeting.

The meeting also discussed the prospects for creation of an infrastructure to transport oil products and liquefied natural gas to Pakistan.

On November 25, Sheikh Imran ul Haque met with SOCAR President Rovnag Abdullayev. At the meeting, he noted that Pakistan State Oil Company is keen on cooperating with Azerbaijan's energy giant SOCAR.

Earlier, the SOCAR president said in an interview with Italian media that SOCAR does not exclude the possibility of supplying Azerbaijani gas to Pakistan in the future.

"Currently, SOCAR has no plans to enter Asian markets, however, I do not exclude that in the future we could export gas to such promising markets as India and Pakistan," he noted.


(c) 2015 SANA Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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