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

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  • 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.
 
Beggars cant be choosers .. russian foreign minister replied to pak request of oil discount :lol:
 
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.
 
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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
 
Jitna discount in jokers nai manga hai mujhai yaqeen hai Russians nai Russian main LPC to bola hoga musaddiq malik ko
 
Yeah, I don't think Russia was too happy with our Mil leadership supplying Ukrainians with 122mm arty shells.
 
Puri qoum ko bhikari bana dia hai but those who offer fajr ki namaz are flourishing in Pakistan.
 
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...
 
So much wrong with this image after the fuckerty of removing IK and now asking, Lol.

Yeah, I don't think Russia was too happy with our Mil leadership supplying Ukrainians with 122mm arty shells.

That to.
 
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?
 
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.
 
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.
 

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