ISLAMABAD -UNS : A high level delegation from Moscow will arrive in Islamabad on January20,2023 to deal for Russian Crude oil at discounted rate.This was disclosed by State Minister for Petroleum Musadik Malik on Tuesday.
The coalition government is moving ahead with its plans to strike a much-anticipated deal for Russian crude oil at a discounted rate.
A day earlier, the minister said Russia had agreed to provide crude oil as well as petrol and diesel to Pakistan at discounted rates. “Our visit to Russia turned out to be more productive than expected.”
In a statement, Malik claimed that the US will not impose sanctions on Pakistan for the proposed deal.
Responding to a question about the financial crisis in the county, the minister said that the government is not deliberating on imposing any economic emergency. He maintained that the government recently paid $1 billion for Sukuk bonds.
He maintained that the country would not default.
Malik said Moscow agreed to provide crude oil to Pakistan at discounted rates.
He said Russia did not have liquefied natural gas (LNG). “Talks with Russia private firms are underway for the import of LNG, while we have also engaged Russia’s state LNG producers,” Malik said.
According to the state minister, significant progress has been in talks over the pipeline projects with Moscow.
Pakistan’s delegation asked for a 30-40% discount on Russian crude oil during talks in Moscow, but the Russians said they could not offer anything right now as all volumes were committed.
During talks on the gas pipeline projects, Moscow asked Pakistan to first honour its commitment to the flagship project of the Pakistan Stream Gas Pipeline (PSGP) to be laid down from Karachi to Lahore, Punjab.
Next Post
Three men killed including FC soldier, beheaded in Bannu
Wed Dec 7 , 2022
One paramilitary personal killed and beheaded by unknown IN district Bannu, a southern city of KPK. According to police a FC soldier was martyred by unknown attackers in Janikhel area Bannu district. Another person along with his son killed inside their home, according to the FIR. The victims have been […]
