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Pakistan, Russia sign MoU for energy cooperation
20 November 2010: The Pakistan Government and the Russian Federation, on 19 November 2010, signed an MoU to pursue joint projects and cooperation in the oil and gas sector.
The agreement lays down mechanism and desire of the two countries to cooperate in oil and gas exploration, construction of trans-national gas pipelines, training, technology transfer and other areas of mutual interest. The Russian Government will send a delegation of experts to Pakistan in January next year to meet the counterparts and study the data, legal framework and policy with a view to developing a time-bound roadmap of cooperative projects.
The Russian Government proposed for an Inter Governmental Framework Agreement to further cement the ties of cooperation between the two countries.
Source: Petroleum Bazaar