Pakistan to get cheaper oil from Russia, says Musadik Malik


Musadik Malik

ISLAMABAD: State Minister for Petroleum Musadik Malik on Monday mentioned Russia will present petrol and diesel to Pakistan at discounted charges, ARY News reported.

“Russian visit remained more successful than we were expecting,” Malik mentioned whereas addressing a press convention in Islamabad.

The minister mentioned Russia will export crude oil to Pakistan and diesel and petrol at discounted charges, which is nice information for the nation’s financial system. “Russia will give the same discount to Pakistan as it is giving to the world on oil and petrol.”

Linking the event with addressing the power wants, he mentioned the incumbent authorities is attempting to repair the unwell financial system because of the ‘flawed’ insurance policies of the PTI authorities.

The minister additionally revealed that in addition they held talks with the fuel corporations in Moscow for LNG export to Pakistan.

Read extra: High-power delegation to go to Russia to amass oil, fuel: NA knowledgeable

Russia has invited Pakistan for finalization the settlement for 2025-26, he added.

The settlement for the import of oil at an inexpensive worth will assist Pakistan save {dollars} and deal with skyrocketing gas costs.

The delegation led by Musadik Malik left for Moscow, final week, to talk about cooperation between Islamabad and Moscow within the petroleum sector.

Earlier, the National Assembly was knowledgeable {that a} high-power delegation would quickly go to Russia to barter any chance of long-term cooperation to amass fuel and oil.

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