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

[Norwegian]

Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia. He also says Pakistan cannot buy it because of sanctions on Russia...

https://twitter.com/x/status/1531689835387408385

@Wood @farok84 @ziaulislam @Patriot forever @maithil @FOOLS_NIGHTMARE @Baghial @muhammadhafeezmalik @Jungibaaz @VCheng @blain2 @SQ8 @UKBengali @beijingwalker @Beast

 

[Dual Wielder]

The audacity of PTI trying to buy cheap oil and pass it on to the people, at least with PDM Pakistanis are able to get oil at premium prices now.. those who can afford it at least.. just another masterstroke by Bajwa and co. the country has gone to the dogs..

Can we expect oil to become so expensive that this mix achar gov deems it another 'luxury' good, thus banning it as an import and recommend donkey and carts as a means of transport instead? *

 

[Azadkashmir]

If i cant buy oil then might aswell burn down all those lovely petrol stations so we all can enjoy scarcity and brotherhood.

listen to this music and think revolution.

listen to this music and think revolution.

 

[Asimzranger]

 

[ziaulislam]

 

[Tomcats]

I'll say it again, unless anyone decides to release figures for Pakistan's refining capacity for Russian oil, this will continue to be hogwash and lies as there is little open data to suggest that such a setup was feasible.

 

[farok84]

Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia. He also says Pakistan cannot buy it because of sanctions on Russia...

https://twitter.com/x/status/1531689835387408385

https://twitter.com/x/status/1531693469282226176

 

[Norwegian]

https://twitter.com/x/status/1531693469282226176

Miftah Ismael is just another confused Patwari just like his copies here on PDF @FOOLS_NIGHTMARE @Baghial @muhammadhafeezmalik

 

[Waterboy]

I'll say it again, unless anyone decides to release figures for Pakistan's refining capacity for Russian oil, this will continue to be hogwash and lies as there is little open data to suggest that such a setup was feasible.

PTI supporters won't reaosn with anyone, they are just like India is buying as well....

India and Pakistan can't be compared lol.

 

[Wood]

Finance minister Miftah Ismael admits on CNN that PTI govt tried to buy cheap oil from Russia. He also says Pakistan cannot buy it because of sanctions on Russia...

https://twitter.com/x/status/1531689835387408385

@Wood @farok84 @ziaulislam @Patriot forever @maithil @FOOLS_NIGHTMARE @Baghial @muhammadhafeezmalik @Jungibaaz @VCheng @blain2 @SQ8 @UKBengali @beijingwalker @Beast

https://twitter.com/x/status/1531666250299998209

 

[farok84]

I'll say it again, unless anyone decides to release figures for Pakistan's refining capacity for Russian oil, this will continue to be hogwash and lies as there is little open data to suggest that such a setup was feasible.

Hi,

Please read the following quoted post and post by @niaz sb, it is referring to. Should be able to clarify technical aspects.

Hi,

But why can't our refineries, refine Urals (other than Parco)? If they can refine Arab Light, Iranian Blends, why not Russian. What is so different with Urals that it can't be refined at our refineries?

For reference, Arab Light's API varies from 31.8 to 33.4, Sulfur content from 1.77 to 2.06, Urals, API 30.68 to 31.78, Sulfur 1.35 to 1.48.

View attachment 843348

View attachment 843349


@niaz Sb has explained this at lengths in another thread.


"Before the sanctions, Russia exported about 5 mm BPD of crude second only to Saudi Arabia which exports about 6.6 mm BPD. Russian most commonly exported crude is the “ Urals”. Like all export crude oil, Urals is a blend of the heavy crude oils produced from the Urals and the Volga regions with the light sweet crude of Western Siberia. It has an API of 32 with 1.2% sulphur, hence not too different in quality to the Saudi Light of 33 API & 1.77% sulphur and Iran Light (32 to 33 API and Sulphur of 1.4%). Pakistani refineries have been using Iran Light and Arab Light thus there should be no problem running the Urals crude. I am not sure if Urals can also be used for making good quality lubricants."

Russia offered Pakistan 30% discount on oil and wheat. PM IK.

@Waterboy How many billions of dollars of goods and services do the countries you mentioned sell to Pakistan versus what they buy from Pakistan in return?

defence.pk

 

[Waterboy]

Miftah Ismael is just another confused Patwari just like his copies here on PDF @FOOLS_NIGHTMARE @Baghial @muhammadhafeezmalik

Oil payment for russian oil is in rubles. Wheat payment i guess will be dollars.

Hammad azhar is smoking pot. Guy is literally blabbering shit. He need a lecture on geopolitics and International trade. Russia never offered us any mechanism of payment as well

Russia Offers SWIFT Alternative to India for Ruble Payments

India’s government is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments, according to people with knowledge of the matter, as the Asian nation seeks to buy oil and weapons from the sanctions-hit country.

www.bloomberg.com

 

[Wood]

Hi,

Please read the following quoted post and post by @niaz sb, it is referring to. Should be able to clarify technical aspects.

Here is a slightly different take from another member. Urals crude Sulphur content is 1.7. Therefore, it may not be possible to refine it in Pakistan. But other crude from Russia is fair game.

The Slippery Stance of Refining Russian Oil

Can Pakistan's oil refineries refine Russian crude? Russian military offensive on Ukraine marked the visit of the former premier Imran Khan to Russia. The ill-timed visit irked the eyes of the self-proclaimed vanguard of democracy, aka the United States. Donald Lu's threatening cipher to...

defence.pk

 

[Ssan]

Oil payment for russian oil is in rubles. Wheat payment i guess will be dollars.

Hammad azhar is smoking pot. Guy is literally blabbering shit. He need a lecture on geopolitics and International trade. Russia never offered us any mechanism of payment as well

Russia Offers SWIFT Alternative to India for Ruble Payments

India’s government is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments, according to people with knowledge of the matter, as the Asian nation seeks to buy oil and weapons from the sanctions-hit country.

www.bloomberg.com

Not true- india is doing payments in Ruble. Presumably, we would be doing both wheat and oil in dollars like much of the rest of the world. Russia has mandated payments in ruble for gas that it sells to Europe. You are confusing several things together it seems - not sure who is smoking pot. Marijuana is haram btw.

 

[farok84]

Here is a slightly different take from another member. Urals crude Sulphur content is 1.7. Therefore, it may not be possible to refine it in Pakistan. But other crude from Russia is fair game.

The Slippery Stance of Refining Russian Oil

Can Pakistan's oil refineries refine Russian crude? Russian military offensive on Ukraine marked the visit of the former premier Imran Khan to Russia. The ill-timed visit irked the eyes of the self-proclaimed vanguard of democracy, aka the United States. Donald Lu's threatening cipher to...

defence.pk

But Urals Sulfur content is not 1.7, is it? Kindly read the post I had quoted. You will get a better idea of API values and Sulfur content.