Russia Refuses To Give Pakistan 30-40% Discount On Crude Oil


New Delhi: Russia has reportedly refused to provide Pakistan with a 30-40 per cent discount on Russian crude oil after the Pakistani delegation asked for a reduction in price during talks in Moscow.

Earlier, on Wednesday, the Pakistani delegation comprising State Minister for Petroleum Musadik Malik, joint secretary, and officials of the Pakistan Embassy in Moscow, asked for a discount during talks in Moscow. The talks with Russia ended by saying that it could not offer anything right now as all volumes were committed. Russia also promised to consider Pakistan’s demand and to share its mind later on through diplomatic channels.

According to reports, Pakistan’s official delegation left for Moscow on November 29 on a three-day visit to talk with the Russian authorities to discuss the possibility of import of crude oil at a discounted price, mode of payment, and shipment cost.

The Russian side asked Pakistan to first honour its commitment to the flagship project of the Pakistan Stream Gas Pipeline to be laid down from Karachi to Lahore, Punjab.

Earlier, on November 13, Pakistan Finance Minister Ishaq Dar said that the United States cannot stop Pakistan from purchasing Russian oil and it will be possible to do so soon. He made these remarks while addressing the Pakistan Muslim League – Nawaz (PML-N) workers in Dubai.

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