• Download the Constitution of Pakistan
  • Advertise
Friday, December 5, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Pakistan suspends import of Russian crude oil

by News Publishing
August 13, 2023
in Business, Economy
Reading Time: 2 mins read
0
Pakistan suspends import of Russian crude oil
Share on FacebookShare on TwitterLinkedinWhatsapp

Pakistan stopped its imports of Russian crude oil after the refining process produced more boiler oil than fuel.

According to the sources, Pakistan Refinery declined to process extra Russian oil because it produced less petrol with 20% more boiler oil than Arabian crude oil.

They stated that the advantages of importing Russian crude oil were limited, with a greater quantity of furnace oil exported at a lower price.

According to some accounts, Russian oil produced less kerosene and jet fuel for ships, which was detrimental to the country.

Furthermore, despite the urging of the previous state minister for petroleum Musadik Malik, Pakistan Refinery has stopped refining Russian oil for the time being, according to industry insiders.

On June 11 and 26, two crude oil ships from Russia arrived at the Karachi Port, after which no Russian oil ships visited Pakistan.

The issue of buying Russian oil has grown in political and diplomatic importance in the last year.

Pakistan kept the exact price of Russian oil and the date of its arrival hidden. The first shipment arrived at Karachi Port on June 11 evening, bringing around 45,000 tonnes. On June 26, the second ship, carrying approximately 56,000 tonnes of crude oil, anchored at the Karachi Port.

According to experts, only if the prices of Brent crude oil and Arab Light Sea crude oil continue to rise and the cost of Russian oil remains stable will the purchase of Russian oil be beneficial to Pakistan.

However, analysts say that the possibilities of such an outcome are limited. They claimed that another option for resuming crude oil purchases from Russia was for Russia to create a special price reduction for Pakistan.

Tags: PakistanRussian crude oil

News Publishing

Related Posts

PM Shehbaz Tariff

PM Shehbaz Pushes National Tariff Policy Implementation

by Anum Arif
December 3, 2025
0

Prime Minister Shehbaz Sharif has directed the full implementation of Pakistan’s National Tariff Policy, describing it as a “revolutionary step”...

PPL

PPL Finalises Major Offshore Energy Partnership with Türkiye

by Anum Arif
December 3, 2025
0

Pakistan Petroleum Limited (PPL) has officially finalised the Assignment Agreement for the Eastern Offshore Indus Block C, marking a significant...

Pak and Turkey

Pakistan Eyes Turkish Role in Discos’ Privatisation

by Anum Arif
December 3, 2025
0

Pakistan has invited reputable international private-sector investors—especially those from Turkiye—to participate in the upcoming privatisation of its Power Distribution Companies...

inflation in november

Inflation in Pakistan Rises to 6.1% in November 2025

by Hassan Mustafa Bajwa
December 1, 2025
0

Pakistan’s headline inflation climbed to 6.1% year-on-year in November 2025, according to fresh data from the Pakistan Bureau of Statistics...

Petrol 2025

Petrol, Diesel Prices Likely to Drop from Dec 1

by Anum Arif
November 28, 2025
0

The government is likely to cut petroleum product prices from December 1, 2025, thanks to a continued decline in global...

Pak and Kuwait

Pakistan, Kuwait Reaffirm Strong Energy Partnership

by Anum Arif
November 27, 2025
0

Pakistan and Kuwait have reaffirmed their commitment to strengthening cooperation in the petroleum and energy sectors, following a high-level meeting...

Next Post
From Jeddah to Pakistan in less than Rs 50,000: This airline has introduced economical travel plan

From Jeddah to Pakistan in less than Rs 50,000: This airline has introduced economical travel plan

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters