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  1. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, But what about refined products. There are number of active tenders. If we are able to source these at 30% discounted rate. Will it not help end consumers? Lower priced LSFO and HSFO should also reduce cost of Power generation significantly and help in reducing Fuel Adjustment charges...
  2. farok84

    The Slippery Stance of Refining Russian Oil

    Hi, So, the basic assumption that Pakistan cannot refine Sulfur content above 1.5 is wrong, right? Here is the assessment of S&P Global on the specification of Urals for February 2022...
  3. farok84

    The Slippery Stance of Refining Russian Oil

    Hi, Thanks for the link. Again, is this a credible source? Much more credible than EIA and S&P Global, whose data was shared in earlier post? Please share a credible source...
  4. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, This is a EU wide ban. It has no bearings on the rest of the world including China, South Korea, North Korea and Japan. Has Pakistan joined EU that it has to follow EU's decisions? Have we sanctioned Russia too? Please read. The ban applies to EU members. Russian oil: EU agrees...
  5. farok84

    The Slippery Stance of Refining Russian Oil

    Hi, First, it is not my link, you quoted McKinsey Energy Insight as source for the data you quoted. Arab Light itself is Medium Sour Crude, it does not have 1.5% Sulfur Content. Can you please share credible source for that? The whole premise of the article you wrote is based on Pakistan...
  6. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    How Bloomberg received the announcement of these partial bans.
  7. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, Pakistan refineries can also refine Urals Blend too, I have tried explaining it in numerous posts in this very thread. Please also read the following quoted post in another thread. The following graphics should also rectify any further confusion. Both Arab Light and Urals are classified...
  8. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, Why can't they refine it? Can you share details? And a source to the claim?
  9. farok84

    Oil, Gas and Refinery Projects update

    Pakistan Plans to Sign a Long-Term LNG Deal to Ease Gas Shortage Government will float tender for a 10 to 15 year contract Fuel crunch is forcing Pakistan to resort to planned blackouts Pakistan’s government has resorted to planned blackouts to conserve its dwindling supply of fuel...
  10. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, Are we aligned with EU on sanctioning Russia? This is more of a plea on ethical grounds, evident from choosing the word "call". You should also read points 5 and 7. 5. The European Council agrees that the sixth package of sanctions against Russia will cover crude oil, as well as...
  11. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, Does this apply to Pakistan? It is a ban by EU on Russian Oil effective by end 2022, are we part of EU, when did that happen? Please read the Bloomberg article mentioned in earlier post related to ineffectiveness of sanctions on Russia, tweeted out by the writer few minutes ago.
  12. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, Why can't we pay for Russian O/G, the same way the rest of the world is paying for it? There was a recent report by Bloomberg on Pakistan's Pmln led government considering to buy long term Lng from Russia, wondering how Pmln is planning to pay for it?
  13. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, Excellent question. To mitigate our refining capacity woes in short term, we resort to import Petroleum Products (mostly from GCC). The hoopla is, why can't we import the same quality products at discounted rates from Russia - can our power plants not run on Russian Gas, FO and HSD? Can...
  14. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    But Sulfur specification of Urals is better than Arab Light, right? What is the composition of Arab Light? Can you provide breakdown of Arab Light too, and compare it with Urals?
  15. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    So, Urals is sweeter than Arab/ Iran Light, with lesser Sulfur content and is better for equipment and process, right? Since we have settled sweetness/ sourness issue, how much heavier Urals is compared to both Arab and Iran Light?
  16. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    What is the Sulfur content of Arab Light? How does it compare to Urals in this regard? This should be quite simple to answer, shouldn't it? If Arab Light with higher Sulfur content can be refined in Pakistan, why can't Ural be with lower Sulfur than Arab and Iran Light? So, Is Urals sour than...
  17. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    Hi, It is not accurate that Pakistan refineries can not or should not refine blends with Sulfur contents higher than 1.5. Arab Light itself has higher Sulfur content.
  18. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    And how does it compare to Arab Light? You can read my introduction thread to know my background and several other posts related to Oil and Gas.
  19. farok84

    The Slippery Stance of Refining Russian Oil

    Hi, Are you sure about the Sulfur Contents of Arab Light and Urals? https://www.mckinseyenergyinsights.com/resources/refinery-reference-desk/crude-grades/
  20. farok84

    Breaking: Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia

    I have edited my earlier post, and you can find link to crude grades there.
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