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Pakistan set to import oil from Central Asia

Staff Writer | February 4, 2017
Pakistan is poised to start oil and gas imports from Central Asian states as the Foreign Office has given the go-ahead to the signing of an agreement with energy-rich Azerbaijan.
Pakistan oil
Energy sources   The Foreign Office has given the go-ahead
At present, Pakistan is importing oil from Gulf Arab countries including the United Arab Emirates (UAE), Kuwait and Saudi Arabia. To meet gas needs, it is purchasing the commodity from another Gulf country, Qatar, Tribune reports.

Talking to The Express Tribune, a senior official of the Ministry of Petroleum and Natural Resources revealed that Azerbaijan had offered to export crude oil, petroleum products and liquefied natural gas (LNG) to Pakistan.

It has also expressed interest in constructing a terminal as well as LNG and liquefied petroleum gas (LPG) storages in a joint venture between Azerbaijan’s state oil company Socar and a Pakistan-designated company. ■