Pakistan on Wednesday announced the successful procurement of a second LNG cargo from the State Oil Company of the Azerbaijan Republic (SOCAR). According to the statement, Energy Ministry and Pakistan LNG Ltd (PLL) secured LNG cargo agreement from SOCAR. The cargo is scheduled for delivery next month. In July last year, Pakistan had signed a landmark framework agreement with Azerbaijan for LNG procurement on flexible terms.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Saudi Aramco secures 40% equity stake in Gas & Oil in Pakistan

Aramco, the leading integrated energy and chemicals company in Saudi Arabia, is…

SBP-held forex reserves fall below $3 billion

On Thursday, State Bank of Pakistan (SBP)-held foreign exchange reserves fell below…

Dollar free fall continues against Rupee

On Tuesday, the Pakistani rupee gained further ground as the US dollar…