Minister of State for Petroleum Mossadegh Malik says that there is no harm to Pakistan in buying Russian oil. Those who are saying that Russian oil is not beneficial, then why did they talk about Russian oil in the past? If Russian oil was not cheap, why were they making announcements to bring it?
While talking to Geo News program ‘Aaj Shahzeb Khanzada’, Mossadegh Malik said that there are about 8 types of crude oil available in Russia, we are taking Eurol crude oil from Russia.
He said that the country’s refineries are designed to refine light Arabian crude oil, Arabian light crude oil can be mixed with 30 to 35% Eurol to increase the production of furnace oil from Russian crude oil refinery. will
Mossadegh Malik said that the country is benefiting from the commercial deal we have done, refining Russian oil will increase the production of furnace oil, bringing Russian oil will increase the transportation cost, international companies insurance of Russian crude oil. No, our insurance cost has also increased for bringing Russian crude oil.
The Minister of State said that our benefit is very important, how much benefit it will be can’t tell, it doesn’t matter if the oil is paid in any currency, we will pay in whichever currency we have liquidity, initially the official Russian oil is being supplied to the refineries, later private refineries can also take it if they want.
Mossadeq Malik added that the new policy of the refinery has been approved, the contract of 10 billion dollars will be signed for the refinery, cheap gas will be available from Azerbaijan in one to one and a half months.
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