Russian Government made an offer to provide blended crude oil to Pakistan as the country’s refining sector is not able to process crude oil.
The Russian government made an offer during a virtual meeting held between the authorities. The offer is a part of the 100,000 barrels per day crude oil supply.
The Pakistani side, led by State Minister for Petroleum Dr. Musadik Malik, comprised senior officials of the Petroleum Division and representatives from the Petroleum division whereas the Russian side consisted of senior officials of the Energy Ministry and relevant departments.
According to sources, The Russian authorities told the Pakistani government that they were ready to work with them and would further work on it when a delegation from Russia would visit Pakistan in the third week of January 2023.
They further said that Russia would supply 100,000 barrels of crude oil to Pakistan on daily basis. However, the Pakistani authorities told them that the country’s refineries were hydro-skimming and processing light crude oil. They added that they would be more interested in light crude oil to process it efficiently.
The Russian authorities said that if the Pakistani refineries are not capable of processing one crude oil, they can provide them with blended crude oil.
Remember here one thing The Pakistani delegation visited Russia at the end of November to hold talks on the supply of oil and gas at discounted rates.
After returning from Russia, Minister of Petroleum Musadik Malik held a news conference, saying that Russia had agreed to supply crude oil. However, the rates and mode of payment were yet to be finalized, for which the Russian authorities would visit Pakistan next month.
Read More : Russia agreed to provide crude oil to Pakistan at Discounted Price – Minister of State Petroleum Divison
