Pakistan receives first ever Russian oil cargo

MG News | June 11, 2023 at 09:46 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 11, 2023 (MLN): The first ever Russian oil cargo reached Pakistan, marking a new milestone in the bilateral relations between the two countries, as Prime Minister Shehbaz Sharif announced on Sunday.

The Vessel contains around 45,000 metric tons of crude oil, and another 50,000 metric tons are expected in a week.

In a series of tweets, Sharif said that he has fulfilled another of his promises to the nation and that the oil discharge will begin on Monday.

"Today is a transformative day. We are moving one step at a time toward prosperity, economic growth, and energy security & affordability," he wrote.

He added that this is the beginning of a new relationship between Pakistan and the Russian Federation and that he commends all those who contributed to translating the promise of Russian oil import into reality.

This is in reference to the deal between Islamabad and Moscow earlier in April, when Pakistan placed its first order for Russian crude oil, with a total of 750,000 barrels.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,400.00	64,400.00 63,875.00	185.00 0.29%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	92.83 87.68	-1.72 -1.87%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%