Russia-Pakistan in talks to address issues in oil import deal, Russia requests payment in China's Yuan or Ruble

[beijingwalker]

Russia-Pakistan in talks to address issues in oil import deal, Russia requests payment in China's Yuan or Ruble​

14 April,2023 05:19 am

LAHORE - Pakistan has made progress in finalizing a loan deal with Russia, with the arrival of the Russian team in Karachi to work out the details of importing crude oil with Pakistan State Oil (PSO).

A senior official privy to the deal showed optimism that all obstacles in importing crude oil from Russia are expected to be resolved this time. However, no words were heard from energy ministry about the payment method and discounts on crude oil prices.

Last month, the technical teams of the Operational Services Centre (PSC), a Russian state-owned entity, held two-day talks with the PSO, but failed to make progress on the formation of a Special Purpose Vehicle (SPV) responsible for importing the crude and payments.

The Russian delegation is yet again in Pakistan to finalize the government-to-government agreement, including the payment method. Russia is requesting payment in China's Yuan or Ruble, but Pakistan wants to pay in Rupees. Once the deal is done, Pakistan will place an order for the crude oil.

The Russian ships are expected to arrive in mid-May, and the Russian crude price may come with a discounted price close to $50 per barrel, against the current $86.09 per barrel price in international markets. Contrary to the SBP wishes, local bank are reluctant to open LC’s because of the G-7’s sanction on Russian oil.

The insiders while addressing the discrepancies said, PSO only imports finished oil products, not crude products. Also the refineries are hesitant to make deals other than their already functioning agreements.

However, some officials are uncertain whether the decision to import Russian crude under the government-to-government agreement at a 30% discount will be able provide the required relief, as the shipping and refining costs around $25 per barrel may diminish the incentive. Additionally, Pakistan refineries may also only be able to extract 10% MS and 50% furnace oil from Ural crude.

Russia-Pakistan in talks to address issues in oil import deal

Previously both countries reached an impasse regarding payment methods

dunyanews.tv

 

[Genghis khan1]

Russia-Pakistan in talks to address issues in oil import deal, Russia requests payment in China's Yuan or Ruble​

14 April,2023 05:19 am

LAHORE - Pakistan has made progress in finalizing a loan deal with Russia, with the arrival of the Russian team in Karachi to work out the details of importing crude oil with Pakistan State Oil (PSO).

A senior official privy to the deal showed optimism that all obstacles in importing crude oil from Russia are expected to be resolved this time. However, no words were heard from energy ministry about the payment method and discounts on crude oil prices.

Last month, the technical teams of the Operational Services Centre (PSC), a Russian state-owned entity, held two-day talks with the PSO, but failed to make progress on the formation of a Special Purpose Vehicle (SPV) responsible for importing the crude and payments.

The Russian delegation is yet again in Pakistan to finalize the government-to-government agreement, including the payment method. Russia is requesting payment in China's Yuan or Ruble, but Pakistan wants to pay in Rupees. Once the deal is done, Pakistan will place an order for the crude oil.

The Russian ships are expected to arrive in mid-May, and the Russian crude price may come with a discounted price close to $50 per barrel, against the current $86.09 per barrel price in international markets. Contrary to the SBP wishes, local bank are reluctant to open LC’s because of the G-7’s sanction on Russian oil.

The insiders while addressing the discrepancies said, PSO only imports finished oil products, not crude products. Also the refineries are hesitant to make deals other than their already functioning agreements.

However, some officials are uncertain whether the decision to import Russian crude under the government-to-government agreement at a 30% discount will be able provide the required relief, as the shipping and refining costs around $25 per barrel may diminish the incentive. Additionally, Pakistan refineries may also only be able to extract 10% MS and 50% furnace oil from Ural crude.

Russia-Pakistan in talks to address issues in oil import deal

Previously both countries reached an impasse regarding payment methods

dunyanews.tv

Washington sy bamboo mila. Either Fake promises or useless hopes of milk and honey. . Establishment ka dubra U-turn.

 

[Mugen]

View attachment 924752
Washington sy bamboo mila. Either Fake promises or useless hopes of milk and honey. . Establishment ka dubra U-turn.

Harami generals, after ruining the country and imposing corrupt cancer on the country, are now begging everyone.

 

[hussain0216]

How about we pay in Pakistani rupees

 

[Ali_Baba]

Russia-Pakistan in talks to address issues in oil import deal, Russia requests payment in China's Yuan or Ruble​

14 April,2023 05:19 am

LAHORE - Pakistan has made progress in finalizing a loan deal with Russia, with the arrival of the Russian team in Karachi to work out the details of importing crude oil with Pakistan State Oil (PSO).

A senior official privy to the deal showed optimism that all obstacles in importing crude oil from Russia are expected to be resolved this time. However, no words were heard from energy ministry about the payment method and discounts on crude oil prices.

Last month, the technical teams of the Operational Services Centre (PSC), a Russian state-owned entity, held two-day talks with the PSO, but failed to make progress on the formation of a Special Purpose Vehicle (SPV) responsible for importing the crude and payments.

The Russian delegation is yet again in Pakistan to finalize the government-to-government agreement, including the payment method. Russia is requesting payment in China's Yuan or Ruble, but Pakistan wants to pay in Rupees. Once the deal is done, Pakistan will place an order for the crude oil.

The Russian ships are expected to arrive in mid-May, and the Russian crude price may come with a discounted price close to $50 per barrel, against the current $86.09 per barrel price in international markets. Contrary to the SBP wishes, local bank are reluctant to open LC’s because of the G-7’s sanction on Russian oil.

The insiders while addressing the discrepancies said, PSO only imports finished oil products, not crude products. Also the refineries are hesitant to make deals other than their already functioning agreements.

However, some officials are uncertain whether the decision to import Russian crude under the government-to-government agreement at a 30% discount will be able provide the required relief, as the shipping and refining costs around $25 per barrel may diminish the incentive. Additionally, Pakistan refineries may also only be able to extract 10% MS and 50% furnace oil from Ural crude.

Russia-Pakistan in talks to address issues in oil import deal

Previously both countries reached an impasse regarding payment methods

dunyanews.tv

Thankyou Pakistani Generals. Everyone gets to create bi-lateral currency swap deals in their native currencies with Russia for cheap oil - except of course - Pakistan.

Thankyou GHQ for turning the PKR into toilet paper ... thankyou...

 

[Mugen]

Thankyou Pakistani Generals. Everyone gets to create bi-lateral currency swap deals in their native currencies with Russia for cheap oil - except of course - Pakistan.

Thankyou GHQ for turning the PKR into toilet paper ... thankyou...

GHQ is the biggest enemy of Pakistan, these cunts loot us to afford their luxury lifestyle, and make us slaves to the world. They have turned our country in to a shithole, I hope someone gives them their dues soon.

 

[Neelo]

When the previous government was in talks with Russia, why was GHQ‘s *** on fire?

LOL old budday have no idea how the world has changed. Some of these janrails probably think the USSR still exists.

 

[Enigma SIG]

How about Generals sell their wives and daughters.

 

[Trango Towers]

How about Generals sell their wives and daughters.

Go to bahria Town...they are free and I joke not

 

[lightning F57]

Does this mean the establishment has done a uturn in regards to Russia