Pakistan plans oil imports from Russia

[Maxpane]

good decision

 

[A.P. Richelieu]

Problem with US is that China don't want its currency to appreciate like dollar.

If the Yuan becomes a currency used for International trade, and it frequently has to be exchanged for other currencies, the Chinese will lose control over the exchange rate.

 

[shootingstar]

Russia, China, Iran and Pakistan are all involved in this plan.

Russian & Iranian Oil & Gas would be brought to Pakistan using Chinese Yuan as the currency.

This is a game changer for Pakistan after the success of CPEC.

 

[AZADPAKISTAN2009]

Should bring it in via , Russia - Iran - Pakistan route , or Russia - Afghanistan - Pakistan with understanding any attack on Russian oil will be a attack on Russian /Pakistani interest

 

[Thəorətic Muslim]

Why would pakistan choose a difficult way to import oil ?

Russia has rights to Iranian Oil Fields, that's where the oil will come from.

 

[My-Analogous]

PHOTO: REUTERS

ISLAMABAD: Pakistan is working on a plan now to sign a government-to-government oil import agreement with energy-rich Russia in a move that will lessen Pakistan’s excessive reliance on Middle Eastern countries.

At present, Pakistan is importing oil from the Gulf Arab states including the United Arab Emirates (UAE), Kuwait and Saudi Arabia. For meeting gas needs, it is purchasing the commodity from another Gulf country, Qatar.

According to sources, the proposal for oil import from Russia was discussed in ministerial-level dialogue between Pakistan and Russia in Moscow.

Pakistani and Russian representatives noted the interest of Rosneft Oil Company of Russia and Pakistani companies in the trade of crude oil, oil products and liquefied natural gas (LNG). In that regard, due diligence may be conducted and relevant arrangements including an inter-governmental agreement may be considered.


https://tribune.com.pk/story/1597181/2-bid-diversify-pakistan-plans-oil-imports-russia/

It will not give benefit to Pakistan and transportation charges will be more compare to GCC states

 

[BHarwana]

It will not give benefit to Pakistan and transportation charges will be more compare to GCC states

The shipping charges would be less the oil will come from Iran or China. Russia is the supplier for Irani oil. Russia has a pipeline in China of oil.

 

[Enigma_]

The Iranian perspective makes a lot more sense. Also the central states.

 

[Rollno21]

The shipping charges would be less the oil will come from Iran or China. Russia is the supplier for Irani oil. Russia has a pipeline in China of oil.

Bra,first try to import from iran then we can talk about importing oil from Russia or fields in Iran run by Russia.there is a saying cheel ka chilana jyadha our Ch*dna kum.thats what it look to me what you are saying

The Iranian perspective makes a lot more sense. Also the central states.

No bro it dsnt,will you allow to take the immediate market by someone who has brought some rights on your fields

 

[Shahzaz ud din]

Russia has rights to Iranian Oil Fields, that's where the oil will come from.

it will come via Chabahar and Gawader.

 

[MultaniGuy]

Good to diversify your sources.

Good not to be too dependent on the gulf countries.

Even though the Gulf countries are our allies.

So the Gulf countries do not have so much leverage over Pakistan.

Remember Pakistan first!

 

[shootingstar]

It will not give benefit to Pakistan and transportation charges will be more compare to GCC states

The key point that you may be missing is that currently Pakistan buys oil from GCC using US dollars while Pakistan would now be buying Oil & Gas from Russia/Iran/China using Chinese Yuan.

 

[DJ_Viper]

WOW

A very very unlikely move.

But a very very crucial move if it happens.

Tables will turn

This deal with get Pakistan some Russian fighter jets. Mark my words!

 

[Clutch]

Never put all your eggs in one basket... good move to include Russia in the energy mix.

 

[Bouncer]

ISLAMABAD: Pakistan is working on a plan now to sign a government-to-government oil import agreement with energy-rich Russia in a move that will lessen Pakistan’s excessive reliance on Middle Eastern countries.

At present, Pakistan is importing oil from the Gulf Arab states including the United Arab Emirates (UAE), Kuwait and Saudi Arabia. For meeting gas needs, it is purchasing the commodity from another Gulf country, Qatar.

According to sources, the proposal for oil import from Russia was discussed in ministerial-level dialogue between Pakistan and Russia in Moscow.

Pakistani and Russian representatives noted the interest of Rosneft Oil Company of Russia and Pakistani companies in the trade of crude oil, oil products and liquefied natural gas (LNG). In that regard, due diligence may be conducted and relevant arrangements including an inter-governmental agreement may be considered.

I don't think we'll be able to import any significant quantity from Russia. A good move though. Transactions in Rupee/Ruble will be icing on the cake, if we can manage that.