SOCAR to invest $ 1 billion in Pakistan’s energy sector


SOCAR plans to invest $ 1 billion in the energy sector of Pakistan, said the Azerbaijani ambassador to Islamabad Khazar Farhadov. “SOCAR plans to invest $ 1 billion in the energy sector of Pakistan.

In general, other Azerbaijani companies are also interested in setting up joint ventures with Pakistani partners and investing in Pakistan, since they consider this country a potential market for business and investment activities,” Farhadov said during a visit to the Islamabad Chamber of Commerce and Industry.

The words of the ambassador are quoted by the Pakistani edition of Pakistan Observer.

Farhadov noted that the leaderships of Azerbaijan and Pakistan have a desire to expand economic cooperation, and both countries should focus on promoting direct ties between private sectors to improve bilateral trade relations.

So far, SOCAR officials have not commented on the statements of the Azerbaijani ambassador to Pakistan.

Caspian Barrel