Crude oil and LNG deal: Russian delegation to Pakistan for talks


ISLAMABAD: A Russian delegation arrived in Pakistan on Tuesday for three days of intergovernmental talks between Islamabad and Moscow on the crude oil and LNG deal, in addition to reviewing progress on multibillion-dollar gas pipeline projects. dollars, ARY News reports

A source told ARY News that Economy Minister Sardar Ayaz Sadiq would lead the Pakistani side. The Russian Energy Minister will represent the guests of honor.

Petroleum Minister Musadik Masood Malik is likely to attend the meeting. The purchase of cheap crude oil and LNG from Russia will be discussed under the forum of the Intergovernmental Commission (IGC).

The source expects the two countries to review progress on the Pakistan Stream gas pipeline project.

In addition, Islamabad and Moscow will hold discussions on enhancing bilateral trade and investment between the two countries.

read: Russia Sells Crude at Discount to Pakistan, Musadik Malik Reiterates

Yesterday I realized that Pakistan and Russia will hold negotiations on electricity, hydropower, renewable energy sources and cooperation in oil and gas production.

In-depth discussions were also held to expand trade and investment. Especially in agriculture, energy, education, IT and finance sectors.

A delegation led by Petroleum Minister Musadik Malik visited Russia last year. to discuss a deal for cheap oil imports

A deal for cheap oil imports would help Pakistan save dollars and cope with skyrocketing fuel prices.

A delegation led by Musadik Malik, comprising Petroleum Minister Muhammad Mahmoud and others, will discuss cooperation between Islamabad and Moscow in the petroleum sector.

Earlier, the National Assembly was informed that a high-level delegation would visit Russia soon to negotiate the possibility of long-term cooperation to purchase gas and oil.


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