State Minister for Petroleum Musadik Malik announced on Monday that Russia has decided to provide crude oil, petrol, and diesel to Pakistan at discounted rates.<\/p>\n
The decision comes a month after Finance Minister Ishaq Dar said that the country is considering buying discounted Russian oil, pointing out that neighbour India has been purchasing oil from Moscow and Islamabad also has a right to explore the possibility.<\/p>\n
Subsequently, Malik flew to Russia last week for talks on issues including oil and gas supplies.<\/p>\n
Pakistan struggles to meet domestic gas supply needs as winter approaches while battling to contain a current account deficit swelled by energy payments, mostly for oil.<\/p>\n
In a press conference in Islamabad today, Malik said: \u201cOur visit to Russia turned out to be more productive than expected.\u201d<\/p>\n
\u201cRussia has decided to provide Pakistan crude at discounted rates [\u2026] this is the oil that refineries use to produce diesel and petrol [\u2026]. Russia will also give petrol and diesel to Pakistan at lower prices,\u201d he announced.<\/p>\n
Malik went on to say that Russia was short on liquefied natural gas (LNG) because of \u201cinternational pressure\u201d. \u201cSo they arranged a meeting of ours with some private companies, that were a part of their delegation [\u2026] our talks with them [the companies] have now begun.<\/p>\n
\u201cThe Russian government is setting up new factories for the production of LNG and they have invited Pakistan to begin [signing] contracts for 2025 and 2026,\u201d the minister said.<\/p>\n","protected":false},"excerpt":{"rendered":"
State Minister for Petroleum Musadik Malik announced on Monday that Russia has decided to provide crude oil, petrol, and diesel to Pakistan at discounted rates. The decision comes a month after Finance Minister Ishaq Dar said that the country is considering buying discounted Russian oil, pointing out that neighbour India has been purchasing oil from […]<\/p>\n","protected":false},"author":2,"featured_media":299382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[463,11734,20,876,338],"class_list":{"0":"post-299369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national","8":"tag-diesel","9":"tag-musadik-malik","10":"tag-pakistan","11":"tag-petrol","12":"tag-russia"},"yoast_head":"\n