Azerbaijan SOCAR Pakistan Investment Announcement
Azerbaijan SOCAR Pakistan investment plans were confirmed after a high level business roundtable chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on the sidelines of the World Economic Forum in Davos.
SOCAR President Rovshan Najaf announced that the company is preparing to finalize its investment in Pakistan oil and gas sector in February.
Azerbaijan SOCAR Pakistan Sees Long Term Energy Partnership
Azerbaijan SOCAR Pakistan strategy views Pakistan as a natural long term energy partner due to its growing energy demand market depth and ongoing sector reforms.
Najaf stated that Pakistan offers strong potential for sustainable cooperation across the oil gas and LNG sectors.
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SOCAR Pakistan LNG Cooperation Explained
Azerbaijan SOCAR Pakistan engagement already exists through SOCAR Trading under a government to government LNG framework with Pakistan LNG Limited.
Under this arrangement SOCAR can supply up to one LNG cargo per month without take or pay obligations offering pricing flexibility and demand based supply.
This LNG framework has been extended into 2025 highlighting continued trust and cooperation between both countries.
SOCAR Pakistan Expands Oil and Gas Cooperation
Azerbaijan SOCAR Pakistan discussions also include petroleum product supply through Pakistan State Oil.
SOCAR has expressed interest in expanding cooperation across the full oil and gas value chain as Pakistan continues implementing energy sector reforms focused on transparency and risk sharing.
Azerbaijan SOCAR Pakistan Backed by Global Experience
Azerbaijan SOCAR Pakistan investment is backed by SOCAR global presence operating in more than 20 countries.
SOCAR employs over 66000 people and reported revenues of approximately 50.6 billion dollars in 2024 with an estimated net worth of 56.75 billion dollars in 2025.
This experience positions SOCAR as a credible and reliable long term partner for Pakistan energy sector.
SOCAR Pakistan Welcomed by Government
Azerbaijan SOCAR Pakistan plans were welcomed by Senator Muhammad Aurangzeb who reiterated the government commitment to attracting strategic investment in oil gas and mining sectors.
He emphasized that reforms aim to improve pricing transparency contractual clarity and investor confidence to strengthen Pakistan energy security.
Historical Context Azerbaijan SOCAR Pakistan Relations
Azerbaijan and Pakistan have maintained strong diplomatic and economic ties for decades.
Azerbaijan SOCAR Pakistan investment marks a significant milestone in bilateral energy cooperation and reflects growing confidence in Pakistan reform driven economic trajectory.
Official Information Sources
State Oil Company of Azerbaijan Republic
https://www.socar.az
Frequently Asked Questions FAQs
What is Azerbaijan SOCAR Pakistan investment about
SOCAR plans to invest in Pakistan oil and gas sector starting February.
When will Azerbaijan SOCAR Pakistan investment be finalized
The investment is expected to be finalized in February.
Does SOCAR already supply LNG to Pakistan
Yes SOCAR supplies LNG through a government framework with Pakistan LNG Limited.
How many LNG cargos can SOCAR provide
SOCAR can supply up to one LNG cargo per month without take or pay obligations.
Why is Azerbaijan SOCAR Pakistan partnership important
It strengthens Pakistan energy security and attracts long term foreign investment.
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