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Pakistan To Start Buying Russian Crude

OIL

Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, with one cargo to dock at Karachi port in May, Petroleum Minister Musadik Malik said.

  • Pakistan will buy crude only, not refined products. Crude imports are expected to reach 100kbpd if the first transaction goes smoothly, the minister said.

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