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https://tribune.com.pk/story/1597181/2-bid-diversify-pakistan-plans-oil-imports-russia/
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.
Pakistan has already been discussing oil and gas imports from Central Asian states including Azerbaijan in a bid to diversify its energy sources as it has overly banked on oil-rich Middle Eastern countries for decades.
Rosneft’s oil refining unit comprises 13 large refineries in key regions of Russia as well as three petrochemical plants, four gas-processing plants including the assets of Bashneft and the share in Slavneft-Yanos, two catalyst production plants and a service company.
In Germany, the company holds stakes in three refineries and controls more than 12% of oil refining capacity with annual output of 12.5 million tons. In Belarus, it indirectly owns 21% shares in OJSC Mozyr Refinery.
Russia has also expressed interest in constructing state-of-the-art energy plants in Pakistan for converting natural gas into synthetic oil, high-quality fuel or crude for the petrochemical industry.
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.
Pakistan has already been discussing oil and gas imports from Central Asian states including Azerbaijan in a bid to diversify its energy sources as it has overly banked on oil-rich Middle Eastern countries for decades.
Rosneft’s oil refining unit comprises 13 large refineries in key regions of Russia as well as three petrochemical plants, four gas-processing plants including the assets of Bashneft and the share in Slavneft-Yanos, two catalyst production plants and a service company.
In Germany, the company holds stakes in three refineries and controls more than 12% of oil refining capacity with annual output of 12.5 million tons. In Belarus, it indirectly owns 21% shares in OJSC Mozyr Refinery.
Russia has also expressed interest in constructing state-of-the-art energy plants in Pakistan for converting natural gas into synthetic oil, high-quality fuel or crude for the petrochemical industry.
