Azerbaijan’s state-owned company, SOCAR (State Oil Company of the Republic of Azerbaijan), has expressed interest in investing in Pakistan’s oil and gas industry. The announcement was made during the 26th annual World Economic Forum in Davos.
SOCAR officials met with Pakistan’s Federal Minister for Finance, Muhammad Aurangzeb, to discuss potential investment opportunities in the country’s energy sector. Adviser to the finance minister, Khurram Shehzad, said that SOCAR’s involvement could strengthen cooperation in LNG, petroleum supply, and broader energy initiatives.
As Azerbaijan’s largest company, SOCAR has assets valued at $57 billion. Its investment in Pakistan is expected to increase international investor confidence and attract further foreign funding to the energy sector.
Officials emphasized that Azerbaijan’s interest in Pakistan’s energy market could support energy security and economic growth. The partnership may include infrastructure development, LNG projects, and enhanced petroleum supply chains.
The meeting highlighted Pakistan’s potential as a hub for global energy investment. Discussions are ongoing to finalize investment projects and define collaboration terms between SOCAR and Pakistani authorities.
Energy experts noted that Azerbaijan’s engagement is a positive sign for Pakistan, signaling international confidence in its energy policies. Foreign investment from a country with a strong energy sector can help modernize Pakistan’s infrastructure and improve overall efficiency.
Pakistan’s government continues to encourage international investment to ensure a stable energy supply and foster economic development. Officials hope Azerbaijan’s participation will create new opportunities for the local workforce and support sustainable energy projects.
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With Azerbaijan actively seeking partnerships in Pakistan, both countries are expected to benefit from stronger economic ties and enhanced energy cooperation in the coming years.
