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Preparations for Russian oil agreement complete, says minister

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State Minister for Petroleum Musadik Malik said today that preparations for the agreement to purchase discounted oil from Russia were complete.

Talking to a private news channel regarding the agreement, Malik said that the entire delegation, including the Russian Energy Minister, was set to visit Pakistan.

“Serious talks are going on with Russia and delegations will arrive only when preparations are completed,” he added.

Malik maintained that Russia would either give Pakistan a discount equal to that it was giving other countries or a potentially higher discount.

He furthered that the ministry would try its best to settle the matter in the interest of Pakistan.

“We spoke to Russia after meeting with oil refineries. Preparation of the contract is complete but we cannot speak prematurely,” he said.

Malik also said that refineries are linking the dam duty with investment in the policy, the duty savings would be invested by the refineries and the government would audit them regularly.

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