Pakistan to place 1st order to import discounted Russian oil this month

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ISLAMABAD: Pakistan’s State Minister for Petroleum Dr. Musadik Malik stated on Wednesday that Islamabad would place its first order to import Russian crude oil at a “large low cost” this month, because the nation seems for cheaper gas choices amid macroeconomic challenges whereas attempting to finalize an oil refinery mission with Saudi Arabia.

Russia agreed in precept to provide crude oil and oil merchandise to cash-strapped Pakistan at cheaper charges this 12 months and signed a number of memoranda of understanding with the nation’s Power Ministry.

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