Russia team due next month to seal oil deal

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A delegation from Moscow will reach Islamabad next month to discuss the possibility of Russian oil sale as a meeting was held between Pakistani and Russian officials through a video link on buying crude oil and petroleum products from Moscow.

State Minister for Petroleum Musadik Malik and the petroleum secretary participated in the online meeting from the Pakistani side. The officials of the Russian energy ministry represented their side in the online moot.

The Russian officials informed about their intention to visit Pakistan on January 19 and 20 to discuss further modalities on the purchase of crude oil and petroleum products.

They added that the two sides also discussed the agenda of the upcoming meeting of the inter-governmental commission between the two countries.

Earlier this month, Musadik had said at a news conference that Russia would sell crude oil to Pakistan at a discounted price, days after he led a government team to Moscow to negotiate the deal.

He added that Russia would also supply discounted petrol and diesel to Pakistan. However, the state minister had not specified the price of the discounted Russian oil.