Khalid Umar Malik
02 Dec 2022, 01:44 GMT+10
ISLAMABAD, Pakistan - Russia refused to give Pakistan a 30-40 percent discount on Russian crude oil, claiming that all volumes were already committed, according to the press on Thursday.
During talks in Moscow, the Pakistan delegation, which included State Minister for Petroleum Musadik Malik, a joint secretary, and officials from the Pakistan Embassy in Moscow, requested a discount.
The talks ended without a clear conclusion, but the Russian side promised to consider Pakistan's request and share its opinions later via diplomatic channels.
According to sources, Russia can offer crude at the rates it currently offers to its large client countries, which have reliable and sound economies, at a suitable time. They stated that all volumes are now committed to large buyers.
The Russian side requested that Pakistan first honor its commitment to the Pakistan Stream Gas Pipeline, which will run from Karachi to Lahore, Punjab.
According to sources in the industrial ministry, Russian crude oil can be processed in Pakistani refineries, and one private refinery has previously used Russian crude oil to deliver finished products.
Get a daily dose of Africa Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.
More InformationLONG BEACH, California: Long Beach, California-based Rocket Lab has launched its first mission from the United States, as part of ...
Israel was behind Sunday morning's drone strike on an Iranian munitions facility; the Wall Street Journal has reported, citing American ...
LONDON, England: Of the 14 main battle tanks and additional artillery support it will send to Ukraine, Britain hopes its ...
LONDON, England: Insurance broker Aon has estimated that natural disasters caused global economic losses worth $313 billion in 2022.It added ...
NEW YORK CITY, New York: After being convicted of stealing more than $900,000 from the company, Rosita Joseph, former executive ...
WASHINGTON D.C.: The US State Department has said that in the latest fiscal year, US military equipment exported to foreign ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...
WASHINGTON D.C.: The Wall Street Journal has reported that e-cigarette maker Juul and three tobacco giants are negotiating potential sale, ...
AUSTIN, Texas: Tesla gas announced an investment of more than $3.6 billion to expand its Nevada Gigafactory complex with the ...
WASHINGTON D.C.: US Senate Energy and Natural Resources Committee chair Joe Manchin has introduced legislation that imposes battery sourcing requirements ...