State Minister for Petroleum Musadik Malik announced on Monday that Russia has agreed to supply Pakistan with cheap petrol, diesel, and crude oil.
Malik said he wanted to congratulate the public for a fruitful trip to Russia, calling it “more successful than our expectations,” during a news conference in Islamabad.
According to The News, the state minister for petroleum, the secretary for petroleum Capt. (retd) Muhammad Mahmood, the joint secretary, and representatives of the petroleum division made up the delegation from Pakistan that travelled to Moscow to look into the possibility of obtaining Russian crude oil and other petroleum products at a lower price.
Malik said that Russia lacked liquefied natural gas (LNG). The import of LNG is the subject of ongoing discussions with Russian private companies, and Malik added that state-run LNG producers in Russia have also been contacted.
The state minister claims that negotiations with Moscow about the pipeline projects have advanced significantly.
The News last week stated, citing sources, that during negotiations in Moscow, the Pakistani team requested a 30–40 per cent discount on Russian crude oil; however, the Russians refused, stating that all volumes had already been promised.
