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Pakistan in Oil and LNG Talks with Russia

OIL

Pakistan is discussing both the possibility of oil imports from Russia as well as LNG at present according to Pakistan's interim federal energy minister Muhammad Ali based on Interfax reports.

  • "Pakistani refineries are already negotiating on the issue of importing Russian oil," he said.
  • "We are talking about deliveries of 1 million tonnes of oil. The specific volume will depend on commercial conditions, on the price. If the price is good, we move forward and sign the contract," he added.
  • "Today we are meeting with Gazprom and Novatek to discuss LNG," he also added.
  • Pakistan is looking to potentially cover about a third of all its oil import needs via Russian oil but some early tests at refineries were shown to produce the wrong yields of products.
  • Pakistan imports 10 million tonnes of oil a year according to the minister.
Energy BulletsCommodities
Energy BulletsCommodities

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