https://sputniknews.in/20230814/pakistan-refinery-limited-in-talks-with-russia-on-new-oil-delivery-3589411.html
Pakistan Refinery Limited in Talks With Russia on New Oil Delivery
Pakistan Refinery Limited in Talks With Russia on New Oil Delivery
Sputnik India
Pakistan is negotiating on a new spot sale of oil with Russia, CEO of Pakistan Refinery Limited Zahid Mir announced on Monday.
2023-08-14T15:26+0530
2023-08-14T15:26+0530
2023-08-14T15:33+0530
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“Mir reported that the company will refine Russian crude oil, when it will be available on favorable commercial terms, asserting that discussions about another spot deal are in process,” as quoted by the Geo Group.The representative of Pakistan Refinery Limited also rebuffed claims that Pakistan's imports of Russian oil were put on hold because of refinery challenges. Last week, Pakistani media reported that the country had suspended imports of Russian crude. The reason was that during the refining process, Russian crude oil produced more fuel oil and less gasoline than crude oil from Saudi Arabia.In April this year, Pakistan placed an order for 100, 000 tons of Russian crude oil, which came as a follow-up to months if bilateral talks on oil deliveries. Two crude oil vessels arrived in Karachi on June 11 and 26, respectively. After that, however, there was a pause in the supplies.The total crude supplies of Russian oil to Pakistan are estimated to be 101,000 tons of crude oil. Russian oil is supplied to Pakistan Refinery Limited, where the Russian crude is blended with Arabian light oil.
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Pakistan Refinery Limited in Talks With Russia on New Oil Delivery
15:26 14.08.2023 (Updated: 15:33 14.08.2023) Pakistan is negotiating a new spot sale of oil with Russia, CEO of Pakistan Refinery Limited Zahid Mir announced on Monday.
“Mir reported that the company will refine Russian crude oil, when it will be available on favorable commercial terms, asserting that discussions about another spot deal are in process,” as quoted by the Geo Group.
The representative of
Pakistan Refinery Limited also rebuffed
claims that Pakistan's imports of Russian oil were put on hold because of refinery challenges. Last week, Pakistani media reported that the country had suspended
imports of Russian crude. The reason was that during the refining process, Russian crude oil
produced more fuel oil and less gasoline than crude oil from Saudi Arabia.
“The Russian crude oil was successfully refined and the spot transaction was technically and commercially viable,” Zahid Mir stated.
In April this year, Pakistan
placed an order for 100, 000 tons of Russian crude oil, which came as a follow-up to months if bilateral talks on oil deliveries. Two crude oil vessels arrived in Karachi on June 11 and 26, respectively. After that, however, there was a pause in the supplies.
The total crude supplies of Russian oil to Pakistan are estimated to be 101,000 tons of crude oil. Russian oil is supplied to Pakistan Refinery Limited, where the Russian crude is blended with Arabian light oil.
