Recent talks between Pakistan and Russia are focusing on the technical specifics of a potential long-term arrangement to supply Russian oil to Pakistan. The disclosure came from Muhammad Khalid Jamali, Pakistan’s ambassador to Moscow, who relayed the update to RIA News. Jamali emphasized that discussions are proceeding at both the government level and among private sector players, indicating a broad range of involvement in shaping the deal. He noted that there are no major obstacles in the negotiations regarding the core elements of a long-term contract, including pricing, volumes, and terms, and that work continues on the technical details that will govern implementation.
In his remarks, the ambassador mentioned that all payment options are being explored, including the currencies that could be used for the settlement. He pointed out that the possibility of using alternative currencies is being examined to ensure flexibility in transactions and to align with financial and regulatory considerations. Jamali also highlighted Pakistan’s history with barter-style arrangements, suggesting that payment challenges can be resolved through adaptable mechanisms if needed.
Energy Minister Nikolai Shulginov of Russia confirmed ongoing discussions about a sustained oil supply relationship with Pakistan, noting that negotiations are still in progress. This acknowledgment from Moscow underscores a shared interest in expanding energy cooperation between the two countries, particularly in the context of long-term supply arrangements that could stabilize Pakistan’s energy imports and diversify its sourcing options.
Earlier, Pakistan announced the direct import channel for Russian oil, enabling certain corporate entities to participate in the uptake of Russian crude. The current discussions build on that development, aiming to formalize a scalable framework that could support consistent deliveries over an extended period. The approach reflects a growing pattern of strategic energy dialogue between Russia and Pakistan, with implications for regional energy security, pricing dynamics, and currency considerations across both economies.
Analysts note that establishing a long-term contract requires careful alignment of technical specifications, including refinery compatibility, transportation logistics, financing arrangements, and compliance with international sanction regimes. The latest statements suggest both sides are prioritizing clarity on these technicalities while keeping channels open for broader commercial collaboration. As negotiations unfold, Pakistan seeks to secure reliable access to oil supplies that can help stabilize its energy market while Russia aims to expand its export footprint in South Asia, reinforcing a practical partnership built on mutual interest and pragmatic financial arrangements.
Observers will be watching how currency and payment strategies evolve, as they can significantly influence pricing, risk management, and the speed of deal finalization. The dialogue between officials and industry players in both countries signals a concerted effort to move beyond preliminary talks toward a formal framework that can support long-term oil shipments, address concerns on payment norms, and accommodate potential shifts in global energy markets. The outcome of these negotiations could set a precedent for future energy projects that blend government coordination with private-sector execution, reflecting a pragmatic approach to securing energy supply lines in a volatile global environment.