Federal Minister for Energy Sardar Awais Ahmad Khan Leghari along with his delegation on Wednesday attended 9th Inter-Governmental Commission meeting in Moscow.
After the meeting, Pakistan and Russia signed eight agreements which includes preparation of insulin, strengthening of trade, industrial, economic ties.
Federal Minister for Energy Owais Ahmed Leghari led the Pakistani delegation at the talks, which underscored the growing cooperation between the two nations.
Speaking at the event, Leghari remarked, “Pakistan-Russia cooperation is progressing steadily, and these agreements will further deepen our collaboration in various sectors.”
The agreements encompass a range of initiatives, including industrial cooperation and the production of insulin. A Memorandum of Understanding was also signed between New Tech, a Pakistani entity, and a Russian university to promote academic and technological exchange.
Despite these developments, Federal Minister for Petroleum Dr Musadik Masood Malik reiterated that no agreement had been reached with Russia regarding the purchase of crude oil.
Addressing the media in Islamabad, Malik dismissed reports of a deal, stating, “the news about crude oil agreements with Russia is baseless. No conclusion has been reached on this matter.”
Malik also shared updates on Pakistan’s LNG situation, noting a surplus of liquefied natural gas due to decreased demand from private-sector power plants. “We have postponed five LNG cargoes and are considering delaying five more, given the reduced costs and surplus supply in the international market,” he added.
Regarding the Iran-Pakistan gas pipeline project, Malik expressed Pakistan’s willingness to proceed if international sanctions on Iran were relaxed. However, he refrained from discussing the matter in detail.—NNI
