Islamabad (Web Desk): Pakistan has placed its first order for discounted Russian crude oil.
State Minister for Petroleum Musadik Malik said that one cargo will dock at Karachi port in May.
“The deal will see Pakistan buy crude oil only, not refined oil, and imports are expected to reach 100,000 barrels per day if the first transaction goes through smoothly,” said Malik while talking to Reuters.
“Our orders are in, we have placed that already,” he said and added, “Pakistan’s Refinery Limited (PRL) will initially refine the Russian crude, with other refineries to be included later after a trial run.”