ISLAMABAD, Dec 5 (EW): Minister of State (Petroleum Division) Musadik Malik Monday said Russia had agreed to provide crude oil as well as petrol and diesel to Pakistan at discounted rates.
“Our visit to Russia turned out to be more productive than expected,” Malik said addressing a press conference after the return of the Pakistani delegation from Russia.
A Pakistan delegation comprising State Minister for Petroleum Musadik Malik, Secretary Petroleum Capt (retd) Muhammad Mahmood, Joint Secretary and officials of the petroleum division was in Moscow to explore possibilities of buying Russian crude oil and other petroleum products at discounted rates.
Malik said Russia did not have Liquefied Natural Gas (LNG). “Talks with Russia private firms are underway for the import of LNG, while we have also engaged Russia’s state LNG producers,” Malik said.
According to the state minister, significant progress has been in talks over the pipeline projects with Moscow.
Last week, The News, quoting sources, reported that Pakistan’s delegation asked for a 30-40% discount on Russian crude oil during talks in Moscow, but the Russians said they could not offer anything right now as all volumes were committed.
During talks on the gas pipeline projects, Moscow asked Pakistan to first honour its commitment to the flagship project of the Pakistan Stream Gas Pipeline (PSGP) to be laid down from Karachi to Lahore, Punjab.
In their response, the Pakistani team proposed to change the model of the PSGP project. The Russian side said that the model of the project under GtG (government-to-government) arrangement had already been settled, save for some clauses of the shareholding agreement, which would soon be finalised.
