Islamabad: Russia agrees to give Pakistan petrol and diesel at discounted rates, reported by Minister of State for Petroleum Division Musadik Malik.
Musadik Malik addressed to the press conference and said that the visit to Moscow was “more productive than expected.” He congratulated the people of Pakistan as Russia agrees to give Pakistan petrol and diesel at discounted rates.
Last week, a delegation comprising of Musadik Malik, Secretory of Petroleum Capt (retd) Muhammad Mahmood, Joint Secretary and other officials visited Russia to make an agreement with Russia for the import of crude oil at discounted rates.
The reports were circulating that Pakistan sought a 30 to 40 per cent discount. However, Russia rejected the offer as it claimed to have its crude oil reserves already committed to other countries. Later, Russia assured Pakistan that it would consider the request for a discount. It further mentioned that it would convey the decision via diplomatic channel.
Musadik Malik said: “Russia has decided to provide Pakistan crude at discounted rates…this is the oil that refineries use to produce diesel and petrol. Russia will also give petrol and diesel to Pakistan at reduced prices.”
Musadik Malik further claimed that this agreement with Russia will solve all problems in the energy sector of Pakistan.
Moreover, the delegation also had rounds of talk with private firm of Russia for the import of LNG. Pakistan is suspected to face extreme gas shortage these winters.
Further, Malik told the nation that Russian government is setting up factories to produce LNG. It also invited Pakistan to initiate talks for a long-term agreement on LNG.
The talks between Russia and Pakistan were positive. Russia showed interest in pipeline gas supplies to Pakistan.
Malik stated that Russian delegation will visit Pakistan in the coming January.
Malik has also further predicted that the Pakistan’s economy should grow by 5-7 percent after Russia have agreed to give Pakistan petrol and diesel at discounted rates.
