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Russia-Pakistan cooperation on the rise

In growing ties between Russia and Pakistan,  Russia’s largest gas company Gazprom and Pakistan’s Oil and Gas Development Company Limited have signed a sign joint venture deal to aid Pakistan’s energy sector. 

Jul 8, 2017
In growing ties between Russia and Pakistan,  Russia’s largest gas company Gazprom and Pakistan’s Oil and Gas Development Company Limited have signed a sign joint venture deal to aid Pakistan’s energy sector. 
 
A report in the Express Tribune said, “In a major development, Russia and Pakistan’s energy giants entered into a joint venture deal that is expected to attract $3-4 billion in the South Asian country.”
 
Russia’s Gazprom International and Pakistan’s Oil and Gas Development Company Limited (OGDCL) signed the Memorandum of Understanding in Moscow on July 6 aimed at mutual cooperation, joint ventures and use of state-of-the-art technology that would aid exploration and development. 
 
Russia has already expressed its interest to invest $8 billion in Pakistan and a major part of it will go in the country’s ailing energy sector.

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