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Delegation to visit Russia for negotiation to buy oil, gas

New oil prices may anchor Pakistan’s economic boat
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November 25, 2022 (MLN): The National Assembly was informed on Wednesday that a high-power delegation will soon visit Russia to negotiate any possibility of long-term cooperation to acquire gas and oil in order to address the increasing energy crisis. 

During the question-answer session, Parliamentary Secretary for Petroleum Division Hamid Hameed said that Russia has not offered to supply gas to Pakistan yet. The government of Pakistan has written a letter to Russian authorities on October 11, conveying interest to the Russian side to procure two to three cargoes of LNG for the month of December 2022 and January next year at a discounted price and deferred payment facility. 

He said the Russian side has expressed its inability to provide the same for these months.

Replying to another question, Hamid Hameed said that 229 fields are producing oil and gas in the country. A total of 16 new reservoirs of oil and gas were discovered during the last year.

Some blocks for exploration of oil and gas undersea will be offered for auction next year, he added. 

Railways Minister Khawaja Saad Rafique informed that with the support of local administration and the Frontier Corps an effective anti-encroachment operation will be launched to retrieve encroached land of Zhob Railway station.

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Posted on: 2022-11-25T11:56:55+05:00

 

2.82%

Weekly Inflation up