MOSCOW
\nThe government in Islamabad plans to increase oil imports from Russia amid the ongoing crisis in the Strait of Hormuz, Pakistan\u2019s Ambassador to Moscow, Faisal Niaz Tirmizi, said. Speaking to Russia\u2019s state-owned TASS News Agency, the ambassador said that demand for Russian energy resources has increased amid the crisis around the Strait of Hormuz.
\n\u201cWe produce about 10% of the energy resources we need ourselves, while the rest is imported, mainly from the Gulf countries. Therefore, a serious crisis has arisen, and that is why we began to look for alternatives,\u201d Tirmizi said. At some point, he said, alternative pipelines from Turkmenistan and even from Russia to South Asia will also be discussed.
\nFuel prices recorded a sharp increase in the country following the oil supply disruption caused by the closure of the Strait of Hormuz, a key route for oil and gas shipping.Iran closed the strait in response to joint attacks by the US and Israel, which began on February 28 and ended on April 8 following a Pakistan-mediated ceasefire.
\nDespite the extension in the ceasefire, the two sides remain at odds over proposals for a permanent end to the war, particularly over their respective blockades of Hormuz. About a fifth of the world\u2019s oil and liquefied natural gas supply normally passes through the strait, which is the gateway to the Gulf and main export route for countries such as Saudi Arabia, Iraq and Qatar.
\nDuring the interview, Tirmizi pointed out that the situation in the Strait of Hormuz has become a worrying signal for several countries, including Pakistan. \u201cOf course, Russia is a major supplier of both oil and energy resources. Therefore, we are now also considering building a pipeline from Central Asia and Russia at some point,\u201d the ambassador stressed. <\/p>\n","protected":false},"excerpt":{"rendered":"
MOSCOW The government in Islamabad plans to increase oil imports from Russia amid the ongoing crisis in the Strait of Hormuz, Pakistan\u2019s Ambassador to Moscow, Faisal Niaz Tirmizi, said. Speaking to Russia\u2019s state-owned TASS News Agency, the ambassador said that demand for Russian energy resources has increased amid the crisis around the Strait of Hormuz. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-546200","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n