Pakistan, Azerbaijan vow to boost energy ties

News Image

MG News | May 22, 2025 at 03:15 PM GMT+05:00

0:00

May 22, 2025 (MLN): Pakistan and Azerbaijan reaffirmed their commitment to strengthening bilateral relations, particularly in the energy sector.

This came during a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and the Ambassador of Azerbaijan to Pakistan, H.E. Khazar Farhadov, held at the Ministry of Petroleum.

The discussion focused on enhancing collaboration in oil and gas exploration, energy trade, and investment, as per the press release issued today.

Minister Malik expressed appreciation for Azerbaijan’s unwavering support to Pakistan during its recent conflict with India, emphasizing the deep-rooted and brotherly ties between the two nations.

He stated that Prime Minister Shehbaz Sharif highly values Azerbaijan's solidarity and thanked the brotherly countries for their support during challenging times.

Ambassador Farhadov reiterated Azerbaijan’s dedication to expanding economic and energy collaboration with Pakistan.

He highlighted the mutual vision of both countries for regional energy connectivity and emphasized Azerbaijan’s high regard for its relationship with Pakistan.

He noted that the goal is to further strengthen the historic brotherhood through increased economic cooperation, especially in the energy sector.

Minister Malik also shared that he will be representing Pakistan at the upcoming Baku Energy Week, where he aims to promote sustainable energy partnerships by engaging with global energy leaders.

He added that Azerbaijan’s state-owned company, SOCAR Upstream, is currently in discussions with Pakistani entities regarding potential collaboration in energy exploration an initiative that could pave the way for mutual growth.

Both sides agreed to expedite dialogue on joint ventures, expressing confidence in the future of their strategic partnership and its potential to enhance regional energy security.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 163,098.19
607.60M
-0.87%
-1432.62
ALLSHR 99,276.25
1,397.26M
-0.80%
-801.63
KSE30 50,184.56
221.88M
-0.89%
-450.56
KMI30 238,333.52
129.55M
-1.13%
-2718.46
KMIALLSHR 65,792.54
685.73M
-0.99%
-655.65
BKTi 45,653.52
111.72M
-1.00%
-461.31
OGTi 32,313.25
10.70M
-1.57%
-516.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,520.00 0.00
0.00
-2470.00
-2.11%
BRENT CRUDE 62.09 65.36
62.00
-3.13
-4.80%
RICHARDS BAY COAL MONTHLY 81.00 81.00
81.00
-1.60
-1.94%
ROTTERDAM COAL MONTHLY 90.50 0.00
0.00
0.40
0.44%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.24 0.00
0.00
-0.66
-1.12%
SUGAR #11 WORLD 16.10 16.35
15.97
-0.16
-0.98%

Chart of the Day


Latest News
October 12, 2025 at 03:48 PM GMT+05:00

Weekly Market Roundup


October 12, 2025 at 01:19 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


October 11, 2025 at 06:54 PM GMT+05:00

Govt moves closer to privatization of First Women Bank


October 11, 2025 at 01:41 PM GMT+05:00

U.S. to impose 100% tariffs on chinese imports


October 11, 2025 at 01:20 PM GMT+05:00

Crypto bloodbath as Trump drops tariff bombshell on China



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg