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Pakistan set to receive cheap Russian oil, says PM Shehbaz

News Desk

Apr 27

During a National Assembly session on Thursday, Pakistan’s Prime Minister, Shehbaz Sharif, announced that the country is set to receive cheap oil from Russia.

Minister of State for Petroleum, Musadik Malik, had previously confirmed that the government had made its first purchase of Russian crude oil, and a shipment is expected to arrive at Karachi port in May.

Malik also revealed that the country aims to import 100,000 barrels of Russian crude oil per day, subject to the success of the first transaction.

In the initial stages, Pakistan Refinery Limited will conduct a trial run to refine the crude oil, with other refineries, including Pak-Arab Refinery Limited, set to follow suit.

This move marks a significant step forward for Pakistan’s oil industry, which has traditionally relied on imports from the Middle East.

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