ISLAMABAD -- Pakistan wants a better deal on Russian oil after trial imports proved uneconomical, informed sources and experts say, despite official assurances that the arrangement has been a success.
The South Asian country earlier this year struck a deal to import discounted crude oil from Russia as it attempts to shore up energy supplies while conserving scarce foreign reserves. In a trial run, Pakistan imported about 740,000 barrels worth of oil in two shipments in June, with plans to ramp up purchases to 100,000 barrels a day -- equivalent to two-thirds of the country's oil imports.
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August 19, 2023 at 02:10PM
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Pakistan eyes deeper discounts as Russian oil imports hit snag - Nikkei Asia
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