Cnergyico receives first Russian oil cargo | The Express Tribune
ISLAMABAD: Cnergyico Pk has received the first cargo of Russian Urals crude at its Single Point Mooring (SPM) facility, which will clear the way for handling larger ships with oil consignments later. Earlier, Pakistan Refinery Limited (PRL) imported 100,000 tons of Russian crude oil, which was first divided into two ships at an Omani port […]
Pakistan gets first-ever Russian LPG shipment
— X/RusEmbPakistan The Russian embassy in Islamabad said Tuesday that Pakistan received its first liquified petroleum gas (LPG) shipment from Moscow — the country’s second major energy purchase from Russia. The development comes months after the South Asian nation received its first-ever shipment of Russian crude oil. The embassy, in a post on X formerly […]
Russian ruble drops to 17-month low
A view of the Moscow Exchange office in Moscow on March 24, 2022. — AFP/File The Russian ruble slid past 100 against the US dollar on Monday, its lowest level since March 23, 2022 — shortly after Moscow launched its military operation in Ukraine. Data from the Moscow Exchange showed the ruble trading at 100.73 […]
Russian crude imports face constraints | The Express Tribune
KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say. The cash-strapped nation became Russia’s latest customer snapping up discounted crude that has been banned […]
Second shipment of Russian oil arrives | The Express Tribune
KARACHI: The second cargo ship of Russian crude oil anchored at Karachi Port on Tuesday. According to Express News, vessel – Clyde Nobel Birth – is carrying 56,000 tons of oil. According to port sources, the ship had been berthed at oil pier number 3 and the supply of crude oil from it will start […]
First Russian discounted oil cargo has arrived in Karachi, announces PM Shehbaz
First Russian vessel Pure Point reaches Karachi port. — Twitter/ @Roohan_Ahmed For the first time in the history, a vessel carrying Russian oil has finally reached Karachi on Sunday, announced Prime Minister Shehbaz Sharif. Taking to twitter, PM Shehbaz wrote, “I have fulfilled another of my promises to the nation. Glad to announce that the […]
Russian oil: Will petrol price in Pakistan drop by Rs100 after import?
A person fills their car’s tank at a fuel station in this undated file image. — AFP After months of hype, Pakistan may finally receive its first shipment of imported Russian oil later this month. But the majority of Pakistanis have one question, will the purportedly cheaper Russian oil reduce the fuel price in the […]
China’s Russian oil imports rise in April | The Express Tribune
SINGAPORE/BEIJING: China’s crude oil imports from Russia rose 8.6% in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel. Arrivals from Russia, including seaborne shipments and supplies via pipelines totalled 7.1 million tonnes or 1.73 million barrels per day (bpd), according to customs data released on Saturday. […]
China’s big refineries crowd for Russian oil | The Express Tribune
SINGAPORE: Chinese state oil giants and major private refiners are sweeping up more Russian crude, supporting prices and forcing smaller independents to seek out cheap alternatives such as Iranian oil, according to trade sources and shipping data. The demand from China’s biggest buyers, which had shied away from Russian crude in the immediate aftermath of […]
Pakistan places first order for discounted Russian crude oil
State Minister Musadik Malik addressing a press conference in Islamabad after Russia visit on December 5, 2022. — PID ISLAMABAD: State Minister for Petroleum Musadik Malik has confirmed that Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow. The development comes months after Pakistan approached Russia […]