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.
DealsEconomyEnergy
Pakistan makes its first purchase of discounted Russian oil
20 April 2023, 3:07 pm 1 minute
Market Impact
Imports are expected to reach 100,000 barrels per day (bpd) and, in theory, greatly reduce Pakistan’s need for Middle Eastern fuel.
Article Tags
Topics of Interest: DealsEconomyEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: EuropeMiddle East
Countries: PakistanRussia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
