Azerbaijan’s SOCAR Confirms Strategic Investment in Pakistan, signaling a major boost for the country’s oil and gas sector. The investment highlights SOCAR’s view of Pakistan as a long-term energy partner. Officials expect this strategic move to enhance energy security in Pakistan and expand private-sector participation in the oil and gas market.
SOCAR President Rovshan Najaf announced the plan during a high-level business roundtable with the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on the sidelines of the World Economic Forum Davos meeting. SOCAR Trading currently manages petroleum product supply to Pakistan through a government-to-government LNG framework with Pakistan LNG Limited. These flexible LNG supply arrangements allow up to one cargo per month without take-or-pay agreements.
The planned SOCAR investment in Pakistan will cover exploration, production, and downstream projects. Experts believe expanding cooperation in the oil and gas sector can support industrial growth in Pakistan and strengthen the country’s energy infrastructure. The investment aligns with ongoing reforms in Pakistan’s energy market, including improved pricing transparency, contractual clarity, and risk-sharing mechanisms.
SOCAR operates in 20+ countries with 66,000 employees, making it a credible partner for long-term development. SOCAR will use technology to boost efficiency and investor confidence in Pakistan’s oil and gas sector.
Meta Description
Azerbaijan’s SOCAR confirms strategic investment in Pakistan, boosting LNG supply and energy security for long-term growth.
