Pakistan makes its first purchase of discounted Russian oil


Source: rappler.com rappler.com

Key Topics in this News Article:

News Snapshot:

FUEL QUEUE. People on motorcycles wait for their turn to get fuel at a gasoline station in Karachi, Pakistan, November 25, 2021. Pakistan's purchase gives Russia a new outlet for its crude, while the discounted crude offers respite as Pakistan faces an acute balance of payments crisis ISLAMABAD, Pakistan – Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country’s petroleum minister said, with one cargo to dock at the port of Karachi in May. Pakistan’s purchase gives Russia a new outlet, adding to Moscow’s growing sales to India...