20 April 2023, 3:07 pm 1 minute
Reuters exclusively revealed that Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow that offers Russia a new outlet, adding to Moscow’s growing sales to India and China as it redirects oil from western markets due to the Ukraine conflict.
Imports are expected to reach 100,000 barrels per day (bpd) and, in theory, greatly reduce Pakistan’s need for Middle Eastern fuel.
Topics of Interest: DealsEconomyEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: EuropeMiddle East
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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