Socar wishful that energy links with Pakistan will prosper

On Tuesday, The State Oil Company of Azerbaijan Republic (Socar) appeared to be back-peddling its diplomatic push for oil and gas deals with Pakistan’s public sector firms under government-to-government arrangement after an aggressive public snub by the Petroleum Division.

A Socar spokesman said that various media reports appearing in the last several days did not represent the reality of successful cooperation between state entities of brotherly Pakistan and Socar. As in all sectors of political and economic life, relationships between Pakistan and Azerbaijan in the energy sphere are also built on principles of mutual respect and confidence, the spokesman said in a generalised statement.

“In accordance with the inter-governmental agreement in the sphere of energy, links between the two countries continue in positive mode and grow in an upward trajectory,” said the spokesman, adding the fruitful results the two sides have witnessed in the recent years of this cooperation will be further strengthened in the years ahead as well.