What's new

Pakistan asks Russia for 30-40% discount on crude oil

FOOLS_NIGHTMARE

ELITE MEMBER
Sep 26, 2018
14,176
15
29,876
Country
United Kingdom
Location
United Kingdom
1669887637356.png

  • Russia says it could not offer anything right now as all volumes were committed.
  • Russian side promises to consider demand of Pakistan.
  • Sources say Russia can offer crude at rates it is providing to its large client countries.
ISLAMABAD: Russia refused to give Pakistan a 30-40% discount on Russian crude oil, saying that it could not offer anything right now as all volumes were committed, The News reported Thursday.

The Pakistan delegation — comprising of State Minister for Petroleum Musadik Malik, joint secretary and officials of the Pakistan Embassy in Moscow — asked for a discount during talks in Moscow.

The talks ended with no cogent conclusion but the Russian side promised to consider Pakistan's demand and to share its mind later on through diplomatic channels.

However, sources said that Russia can offer crude at the rates it is providing to its large client countries, which are reliable and sound economies, at a suitable time. Right now all volumes are committed with big buyers, they said.

The Russian side asked Pakistan to first honour its commitment to the flagship project of the Pakistan Stream Gas Pipeline to be laid down from Karachi to Lahore, Punjab.

The Pakistan side during the talks mentioned its desire to change the model of the PSGP project. The Russian side said that the model of the project under GtG arrangement has already been finalised and only some clauses of the shareholding agreement were yet to be finalised.

Pakistan’s official delegation left for Moscow on November 29 on a three-day visit for talks with the Russian authorities to explore possibilities of import of crude oil at a discounted price, mode of payment and shipment cost.

According to industrial ministry sources, Russian crude oil can be processed in Pakistan’s refineries, and in the past one private refinery had used Russian crude oil to deliver finished products.
 

INS_Vikrant

FULL MEMBER
Nov 2, 2015
1,572
-7
2,121
Country
India
Location
India
US right now wants many other countries to start buying Russian Oil to manage the oil prices after OPEC announced production cuts, as high demand of oil from opec countries coupled with reduced supply would cause oil prices to skyrocket.
 
Last edited:

AlKardai

FULL MEMBER
Mar 24, 2022
1,242
0
1,716
Country
United Kingdom
Location
United Kingdom
Did you know that if you use honey, you can get up to 40% off uisng promo codes?
Honey automatically searches the web for promo codes, coupon and vouchers, so you can get what you want, at a discounted Price.

Because, as we know- Why pay, when you can beg?
 

Acetic Acid

FULL MEMBER
May 10, 2021
1,885
-1
5,199
Country
Pakistan
Location
Pakistan
View attachment 901937
  • Russia says it could not offer anything right now as all volumes were committed.
  • Russian side promises to consider demand of Pakistan.
  • Sources say Russia can offer crude at rates it is providing to its large client countries.
ISLAMABAD: Russia refused to give Pakistan a 30-40% discount on Russian crude oil, saying that it could not offer anything right now as all volumes were committed, The News reported Thursday.

The Pakistan delegation — comprising of State Minister for Petroleum Musadik Malik, joint secretary and officials of the Pakistan Embassy in Moscow — asked for a discount during talks in Moscow.

The talks ended with no cogent conclusion but the Russian side promised to consider Pakistan's demand and to share its mind later on through diplomatic channels.

However, sources said that Russia can offer crude at the rates it is providing to its large client countries, which are reliable and sound economies, at a suitable time. Right now all volumes are committed with big buyers, they said.

The Russian side asked Pakistan to first honour its commitment to the flagship project of the Pakistan Stream Gas Pipeline to be laid down from Karachi to Lahore, Punjab.

The Pakistan side during the talks mentioned its desire to change the model of the PSGP project. The Russian side said that the model of the project under GtG arrangement has already been finalised and only some clauses of the shareholding agreement were yet to be finalised.

Pakistan’s official delegation left for Moscow on November 29 on a three-day visit for talks with the Russian authorities to explore possibilities of import of crude oil at a discounted price, mode of payment and shipment cost.

According to industrial ministry sources, Russian crude oil can be processed in Pakistan’s refineries, and in the past one private refinery had used Russian crude oil to deliver finished products.

our army wants to sit in US lap but govt asking for discount from russia
aamir-aadmi-dekha-nahi-bhikari-ki-tarah-bheekh-maangna-shuru (1).jpg
 

Areesh

ELITE MEMBER
Mar 30, 2010
42,980
3
93,146
Country
Pakistan
Location
Pakistan
Jitna discount in jokers nai manga hai mujhai yaqeen hai Russians nai Russian main LPC to bola hoga musaddiq malik ko
 

Goritoes

SENIOR MEMBER
Jan 20, 2021
5,642
0
8,699
Country
Pakistan
Location
United States
Puri qoum ko bhikari bana dia hai but those who offer fajr ki namaz are flourishing in Pakistan.
 

925boy

SENIOR MEMBER
Sep 10, 2016
5,541
-31
6,439
Country
United States
Location
United States
Yeah, I don't think Russia was too happy with our Mil leadership supplying Ukrainians with 122mm arty shells.
respect for the frankness.

Also - US initiated the coup in Pakistan after Imran Khan's govt reached out to Russia about buying Russian oil some months ago too...
 

Ssan

FULL MEMBER
Mar 5, 2022
780
1
996
Country
United States
Location
United States
Where are all the PDM Noonie brigade who were going to tell us that we couldn’t buy it because of sulfite content and lack of refining capability?
 

HAIDER

ELITE MEMBER
May 21, 2006
30,092
11
31,238
Country
Pakistan
Location
United States
Where are all the PDM Noonie brigade who were going to tell us that we couldn’t buy it because of sulfite content and lack of refining capability?
But the US put a price cap on Russian gas buyers. Let's see if its worth buying. Because buying 60 dollars a barrel from Russia is not a kind wise decision when the market is already around 70-75 barrels.
 

my2cents

SENIOR MEMBER
Apr 8, 2011
4,889
-9
2,639
Country
United States
Location
India
View attachment 901937
  • Russia says it could not offer anything right now as all volumes were committed.
  • Russian side promises to consider demand of Pakistan.
  • Sources say Russia can offer crude at rates it is providing to its large client countries.
ISLAMABAD: Russia refused to give Pakistan a 30-40% discount on Russian crude oil, saying that it could not offer anything right now as all volumes were committed, The News reported Thursday.

The Pakistan delegation — comprising of State Minister for Petroleum Musadik Malik, joint secretary and officials of the Pakistan Embassy in Moscow — asked for a discount during talks in Moscow.

The talks ended with no cogent conclusion but the Russian side promised to consider Pakistan's demand and to share its mind later on through diplomatic channels.

However, sources said that Russia can offer crude at the rates it is providing to its large client countries, which are reliable and sound economies, at a suitable time. Right now all volumes are committed with big buyers, they said.

The Russian side asked Pakistan to first honour its commitment to the flagship project of the Pakistan Stream Gas Pipeline to be laid down from Karachi to Lahore, Punjab.

The Pakistan side during the talks mentioned its desire to change the model of the PSGP project. The Russian side said that the model of the project under GtG arrangement has already been finalised and only some clauses of the shareholding agreement were yet to be finalised.

Pakistan’s official delegation left for Moscow on November 29 on a three-day visit for talks with the Russian authorities to explore possibilities of import of crude oil at a discounted price, mode of payment and shipment cost.

According to industrial ministry sources, Russian crude oil can be processed in Pakistan’s refineries, and in the past one private refinery had used Russian crude oil to deliver finished products.
Get it from Iran. Lot cheaper and more economical.
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom