The upcoming 8th session of the Pakistan-Russia Inter-Governmental Commission (IGC) will focus on discussing potential deals in the oil and gas industry, as well as the importation of Russian wheat. The meeting, to be held in Islamabad from January 18th to 20th, will be led by Russian Minister of Energy N G Shulginov and Pakistan’s Minister of Economic Affairs Sardar Ayaz Sadiq.
Both countries are in close communication about expanding mutually beneficial trade, specifically in the areas of oil and LNG. They are also committed to removing any barriers and restrictions in the exchange of goods, services, and capital and will work to avoid implementing new ones.
The IGC will also address previously negotiated agreements such as Shareholders and Facilitation Agreements and move forward with the incorporation of a joint Special Purpose Company for the Pakistan Stream Gas Pipeline Project. The two countries will also explore opportunities for cooperation in hydropower and renewable energy, as well as Rosgeo, JSC’s interest in collaborating with Pakistani entities in hydrocarbon and mineral exploration.
Furthermore, the IGC will discuss continuing contracts and potential partnerships in the oil and gas sector in Pakistan and other countries, utilizing advanced Russian technologies for enhanced recovery methods. The meeting will also address Ruschem Alliance, LLC’s interest in a long-term LNG supply agreement with Pakistan LNG Limited.