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Pakistan aims to import 35% of crude oil from Russia

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Following the annual inter-governmental commission held between Pakistan and Russia, the two nations have agreed on a late March timeline for crude oil export.

Minister of State for Petroleum, Musadik Malik, confirmed that Pakistan aims to import 35% of its total crude oil requirement from Russia.

However, it should be noted that Russia currently does not have liquefied natural gas available for Pakistan. Russia’s Energy Minister, Nikolay Shulginov, visiting Pakistan, also stated that Pakistan will pay for energy purchases from Russia in currencies of friendly nations.

This marks a departure from Pakistan’s traditional lack of significant imports of Russian oil and gas.

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