Friday, March 29, 2024

Russia to Provide Crude Oil to Pakistan at Discounted Rates: Petroleum Minister

Musadik Malik State Minister for Petroleum stated that Russia has confirmed to supply raw oil at discounted prices, a step that helps in bringing down the energy import for country.

While addressing a press conference, he said that Russia would provide petrol and diesel to Pakistan at the discounted price.

Moreover, expensive fuel is Pakistan’s issue with a crashing economy hard pressed to finance its increasing energy needs.

Furthermore, Malik said,“We approached a few private Russian firms for LNG but the government urged us to ink deals for 2025-26,” he said.

“Acting in the best interest of Pakistan, the government approached Russia to resolve fuel woes. We will solve the energy problem. We will begin talks with government-owned companies of Russia soon,” he stated further.

Minister highlighted that Country has also discussed pipeline connections with Russia and deadlines too.

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