Russia to sell discounted crude to Pakistan - minister
FILE PHOTO: The oil products tanker Nord and a bulk carrier sail near the crude oil terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel
ISLAMABAD :Russia will sell crude oil to Pakistan at a discounted price, Pakistan's state minister for petroleum said on Monday, days after he led a government team to Moscow to negotiate the deal.
Russia will also give discounted petrol and diesel to Pakistan, Musaddiq Malik told a news briefing in Islamabad.
"Their government has also invited Pakistan to initiate talks on long-term contracts to buy liquefied natural gas (LNG)," he said, adding that Islamabad was already in talks with Russian private companies over the import of LNG.
It was a successful visit in terms of good future prospects with Russia in the energy field, Malik said.
"Our local gas production is depleting around eight to 10 per cent a year," he said.
Malik also said Pakistan would separately get two million pounds (907,185 kg) of LNG in aid from neighbouring Iran this winter.
