ISLAMABAD, April 20 (Online): Headway has been made in buying discounted Russian crude oil as Pakistan has placed first order in this regard.
According to ministry of petroleum order has been placed for first cargo as test. The agreement for buying discounted oil will start on arrival of first cargo.
Pakistan wants to buy discounted crude oil of 33 percent of its requirement from Russia.
According to authorities, first cargo of discounted Russian crude oil will reach Pakistan in the mid of May.
Pakistan wants to buy crude oil of two kinds from Russia.
The crude oil of first cargo will be refined in the presence of Russian team.
Minister Musadik Malik has confirmed of placing the order for discounted Russian crude oil.
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