Russia asks Pakistan to honor commitment to lay Gas Pipes from Karachi to Lahore

Khalid Umar Malik
02 Dec 2022, 01:44 GMT+10

Russia refused to give Pakistan a 30-40% discount on Russian crude oil, claiming that all volumes were already committed, according to the press on Thursday.
During talks in Moscow, the Pakistan delegation, which included State Minister for Petroleum Musadik Malik, a joint secretary, and officials from the Pakistan Embassy in Moscow, request ...
The talks ended without a clear conclusion, but the Russian side promised to consider Pakistan's request and share its opinions later via diplomatic channels.

ISLAMABAD, Pakistan - Russia refused to give Pakistan a 30-40 percent discount on Russian crude oil, claiming that all volumes were already committed, according to the press on Thursday.

During talks in Moscow, the Pakistan delegation, which included State Minister for Petroleum Musadik Malik, a joint secretary, and officials from the Pakistan Embassy in Moscow, requested a discount.

The talks ended without a clear conclusion, but the Russian side promised to consider Pakistan's request and share its opinions later via diplomatic channels.

According to sources, Russia can offer crude at the rates it currently offers to its large client countries, which have reliable and sound economies, at a suitable time. They stated that all volumes are now committed to large buyers.

The Russian side requested that Pakistan first honor its commitment to the Pakistan Stream Gas Pipeline, which will run from Karachi to Lahore, Punjab.

According to sources in the industrial ministry, Russian crude oil can be processed in Pakistani refineries, and one private refinery has previously used Russian crude oil to deliver finished products.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nepal National.

More Information

7 ℃

Fair in Kathmandu

Business

Section

Walmart minimum wage to start at $14/hr, still below Costco, Target

BENTONVILLE, Arkansas: To attract and retain employees in a tight domestic labor market, Walmart has announced that it it will ...

Technology stocks in demand as U.S. markets move modestly higher

NEW YORK, New York - U.S. stocks hesitatingly continued higher Friday, reflecting widespread gains, albeit modest ones, across the globe."We're ...

Artificial meat given first approval by US officials

NEW YORK CITY, New York: As early as this year, lab-grown meat could be served in some restaurants in the ...

As travel opens up, Thailand prepares for 5 million Chinese tourists

BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...

Recession fears fade as investors weigh into U.S. stocks

NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...

Officials cautious as lower mortgage rates increases home buying

WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...

Southeast Asia

Section