Pakistan, Azerbaijan vow to boost energy ties

News Image

By 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 124,379.07
220.31M
1.91%
2332.60
ALLSHR 77,679.82
768.94M
1.80%
1376.61
KSE30 37,915.73
105.69M
1.92%
713.35
KMI30 184,872.78
113.74M
1.90%
3446.47
KMIALLSHR 53,473.19
418.85M
1.75%
921.24
BKTi 31,363.74
21.26M
1.66%
510.82
OGTi 27,886.19
21.80M
1.53%
419.75
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,745.00 108,580.00
107,050.00
-530.00
-0.49%
BRENT CRUDE 68.11 68.38
67.82
0.38
0.56%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.90
-3.19%
ROTTERDAM COAL MONTHLY 103.90 103.90
103.90
0.70
0.68%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.81 66.00
65.23
0.57
0.87%
SUGAR #11 WORLD 16.65 16.74
16.39
0.23
1.40%

Chart of the Day


Latest News
June 27, 2025 at 06:04 PM GMT+05:00

Govt pledges reforms for State-Owned Enterprises


June 27, 2025 at 05:44 PM GMT+05:00

Gold price in Pakistan falls Rs5,000 per tola


June 27, 2025 at 05:33 PM GMT+05:00

TRG shareholders to receive tendered shares back



Top 5 things to watch in this week

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