Article: Pakistan fails to agree with Russia on 30-40 percent cut in oil
NEW DELHI, 1 December – RIA Novosti. Pakistan’s talks with Russia on oil purchases have so far been in vain: Islamabad asked for a 30-40% discount, but the Russian side was unable to offer it, but promised to consider Pakistan’s request later, according to a major Pakistani publication. Thursday News with reference to sources.
Earlier in the week, a spokesperson for Pakistan’s Energy Ministry said that an official delegation from the country began a three-day visit to Moscow to discuss with Russian officials the possibility of importing crude oil at a discounted price. payment methods, shipping costs and other issues.
“The negotiations were inconclusive, but the Russian side promised that it would consider Pakistan’s request and then give its opinion through diplomatic channels. However, the sources said that Russia can offer oil at the prices it provides to large client countries with reliable and stable economies at the right time. According to them, now all volumes have been transferred to major buyers,” he said.
According to the source of The News, during the talks held in Moscow, the Pakistani delegation demanded a 30-40 percent discount on Russian crude oil.
Pakistan’s finance minister, Ishaq Dar, previously said Islamabad would seek to buy oil from Russia on terms similar to those accepted by India.
The embargo imposed by the European Union and the United States on the purchase of Russian oil caused prices to rise sharply, allowing the Russian Federation to divert large volumes of raw materials to other markets, primarily India and China, and even increase its revenues. albeit by selling smaller volumes of oil at a discount.
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