The Pakistani government allowed local companies to enter into direct commercial contracts with Russian oil exporters. The newspaper reports this Express Tribune.
According to the publication, the decision is related to the long process of implementing a plan to conclude a long-term intergovernmental agreement on oil imports between the two countries and to establish a private company to purchase it. Newspaper sources said that it was decided to postpone its establishment due to the high risks of importing through this company. Now Pakistani importers will be able to make direct contracts with Russian suppliers.
In April, Pakistan ordered 100 thousand tonnes of Russian Urals oil as a test batch. It was delivered in two tankers in June. Freight was paid by Russia. Islamabad deemed the deal commercially viable.
Russia at the beginning of September happened Threat to developing economies. “target=”_blank”> visit A delegation is coming from Pakistan to discuss oil supply.
It was previously known that expensive oil happened Threat to developing economies.