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Express Tribune
4 days ago
- Business
- Express Tribune
Govt reaffirms energy reform commitment
Listen to article Federal Minister for Petroleum Ali Pervaiz Malik reaffirmed Pakistan's commitment to a resilient and sustainable energy future during his keynote address at the Ministerial Plenary session titled 'Global Cooperation for a Resilient and Sustainable Energy Future' at the 30th Baku Energy Forum. According to a statement released on Tuesday, in his speech, Malik congratulated Azerbaijan's Energy Minister Parviz Shahbazov and pledged Pakistan's full cooperation with the forum's transition agenda, which aims to shift from a fossil fuel-driven framework to a balanced energy mix. He emphasised Pakistan's strategic realignment under Prime Minister Shehbaz Sharif's leadership towards a more sustainable, inclusive, and coherent energy paradigm. Highlighting Pakistan's ongoing industrialisation, Malik noted that the country's rising energy demand must be met by integrating renewable energy sources and technology. To support this, he announced the revival of the Cabinet Committee on Energy, chaired by the prime minister, to enhance coordination between the Petroleum and Power Divisions and ensure cohesive policy evolution. The minister also detailed Pakistan's efforts to expand its gas infrastructure by encouraging local exploration, acknowledging the assistance of Azerbaijan and other partner countries in developing indigenous gas resources. He said conservation measures and reform initiatives are underway to dismantle inefficiencies and ensure long-term sustainability of the gas sector. "Despite economic challenges, Pakistan is committed to making the gas sector sustainable by dismantling inefficiencies and implementing reforms," Malik stated. "Reform is the cornerstone of the prime minister's vision for a resilient energy future." Attendees at the plenary included Azerbaijan's Energy Minister Parviz Shahbazov, the Turkish Deputy Minister of Energy, and Director of Energy at the European Commission Cristina Lobillo. Separately in Islamabad, Malik held a bilateral meeting with Rovshan Najaf, President of the State Oil Company of Azerbaijan Republic (SOCAR), to enhance energy cooperation between the two countries. The discussion focused on deepening bilateral ties, potential joint ventures, and attracting investment in Pakistan's oil and gas sector. Malik reiterated Pakistan's intent to strengthen partnerships with leading global energy firms and stressed the government's commitment to creating an investor-friendly climate. Najaf praised Pakistan's progress in the energy sector and reaffirmed SOCAR's interest in expanding cooperation with Pakistani stakeholders.
Iraqi News
03-05-2025
- Business
- Iraqi News
Iraq and Azerbaijan discuss cooperation in energy project development
INA - ISTANBUL Deputy PM for Energy Affairs and Minister of Oil Hayan Abdul-Ghani met Azerbaijani Energy Minister Parviz Shahbazov on Saturday, affirming cooperation in energy project development. The Iraqi News Agency — INA reporter said, "Abdul-Ghani met Shahbazov on the sidelines of his participation in the Istanbul Natural Resources Summit." He noted that "the meeting witnessed an emphasis on paving the way for the historical relations between the two countries to develop cooperation in the energy sector." The two sides exchanged views on the current status of the oil market settlement within the OPEC+ formula. They discussed "the importance of signing a memorandum of understanding on cooperation in the oil and gas sectors between the Azerbaijani and Iraqi ministries of energy."
Euronews
15-04-2025
- Business
- Euronews
Azerbaijan's energy ambitions: Baku summit highlights Southern Gas Corridor and green transition
ADVERTISEMENT The 11th Southern Gas Corridor and 3rd Green Energy Advisory Council meetings were held in Baku, bringing together representatives from 24 countries. Azerbaijan's Energy Minister Parviz Shahbazov outlined plans to expand gas delivery to Europe and increase renewable capacity to over 33% by 2027. The EU's Energy Commissioner Dan Jørgensen reaffirmed Europe's aim to reduce reliance on Russian gas while supporting the energy transition. Regional cooperation was reinforced with updates on the Caspian–Black Sea–EU Green Corridor and a new interconnection project linking Azerbaijan with Central Asia for the first time.
