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Govt s silence over credit lines offer frustrates Azeri oil firm - Newspaper

The logo of Socar Energy is seen at a company s gas station in Kyiv, Ukraine, October 6, 2017. Reuters ISLAMABAD: Azerbaijan State Oil Company (Socar) has expressed frustration over the Petroleum Division’s prolonged silence over its offer of providing two credit lines of over $220 million for oil and gas supplies to Pakistan. Informed sources told Dawn that Pakistan’s ambassador to Baku, Bilal Hayee, had alerted the government back home to deal with the matter in a manner that did not unnecessarily cast shadow over close friendly relations between the two countries. The two governments had agreed during a visit of Azerbaijan’s foreign minister to Pakistan in January to expand bilateral cooperation through oil and gas sector engagements to build upon strategically friendly relationship between the two countries.

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