AIRLINK 62.18 Decreased By ▼ -0.51 (-0.81%)
BOP 6.23 Increased By ▲ 0.03 (0.48%)
CNERGY 4.98 Increased By ▲ 0.03 (0.61%)
DFML 14.93 Decreased By ▼ -0.23 (-1.52%)
DGKC 68.54 Decreased By ▼ -0.05 (-0.07%)
FCCL 17.71 Increased By ▲ 0.06 (0.34%)
FFBL 24.56 Decreased By ▼ -0.62 (-2.46%)
FFL 9.16 Increased By ▲ 0.11 (1.22%)
GGL 9.90 Decreased By ▼ -0.12 (-1.2%)
HBL 108.60 Decreased By ▼ -5.15 (-4.53%)
HUBC 116.79 Increased By ▲ 0.90 (0.78%)
HUMNL 6.69 Increased By ▲ 0.02 (0.3%)
KEL 4.46 Decreased By ▼ -0.11 (-2.41%)
KOSM 4.76 Increased By ▲ 0.16 (3.48%)
MLCF 36.77 Decreased By ▼ -0.04 (-0.11%)
OGDC 123.33 Decreased By ▼ -0.92 (-0.74%)
PAEL 22.32 Decreased By ▼ -0.30 (-1.33%)
PIAA 22.22 Increased By ▲ 1.55 (7.5%)
PIBTL 5.74 Decreased By ▼ -0.01 (-0.17%)
PPL 110.93 Decreased By ▼ -0.87 (-0.78%)
PRL 27.50 Decreased By ▼ -0.08 (-0.29%)
PTC 14.19 Increased By ▲ 0.93 (7.01%)
SEARL 53.10 Increased By ▲ 0.30 (0.57%)
SNGP 63.67 Increased By ▲ 0.66 (1.05%)
SSGC 11.01 Increased By ▲ 0.11 (1.01%)
TELE 9.00 Increased By ▲ 0.30 (3.45%)
TPLP 10.74 Decreased By ▼ -0.16 (-1.47%)
TRG 70.21 Increased By ▲ 1.06 (1.53%)
UNITY 24.04 Increased By ▲ 1.04 (4.52%)
WTL 1.36 Increased By ▲ 0.02 (1.49%)
BR100 6,698 Increased By 18 (0.27%)
BR30 22,618 Increased By 34.8 (0.15%)
KSE100 64,891 Increased By 74 (0.11%)
KSE30 21,536 Decreased By -21 (-0.1%)
Markets

Russian gasoline to be sent to Pakistan as EU import ban looms

  • Forteinvest has sold to a trader an initial 1,000-tonne lot of gasoline from its Orsk plant for delivery to Pakistan and has more requests to supply gasoline, diesel and LPG to the country
Published January 27, 2023

MOSCOW: Independent Russian oil refiner Forteinvest has clinched a deal that will see Russian gasoline sent to Pakistan by land for the first time, two industry sources said on Friday, as Russian refiners seek alternative markets for motor fuels days before an EU import ban.

Forteinvest has sold to a trader an initial 1,000-tonne lot of gasoline from its Orsk plant for delivery to Pakistan and has more requests to supply gasoline, diesel and LPG to the country, the sources added.

The refined products will be shipped from the Orsk refinery in Russia’s Orenburg region near the Kazakhstan border to Afghanistan by rail and reloaded into tank trucks for delivery to Pakistan, as Russia and Pakistan don’t have direct rail connections, the sources said.

Forteinvest did not respond to a request for comment.

The move comes days ahead of a new set of Western sanctions, as G7 countries, and the 27-nation EU as a whole, seek to limit Russia’s revenue from oil exports without disrupting world supply.

A price cap on imported Russian oil products is due to come into force on Feb. 5, along with an EU import ban on Russia’s refined products Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed, Russia’s energy minister said on Jan. 20.

Signing of deal in March: Refineries to get Russian oil by April-end

Russia will sell crude, petrol and diesel oil to Pakistan at discounted prices, Pakistan’s state minister for petroleum said in December, days after he led a government team to Moscow to negotiate the deal. Pakistan’s foreign minister is due to hold talks in Moscow on Monday.

Historically, Pakistan has had no major commercial energy ties with Moscow. It currently depends on oil from Gulf countries, which often extend facilities such as deferred payments and can supply with lower transport costs, given Pakistan’s proximity.

In 2022, Russia shipped to Afganistan by rail some 120,000 tonnes of gasoline from Orsk, Omsk, Salavat, Taneko and TAIF oil refineries, as well as some 41,000 tonnes of diesel of Belarusian origin and from Russian oil depots. Russia has also exported to the country some 104,000 tonnes of LPG, rail data shows.

Comments

Comments are closed.

Rebirth Jan 28, 2023 02:24am
The entire exercise was for de-dollarization. The Qatar deal with China and the Lula government’s purge in Brazil was for that reason too. Argentina and Brazil to be exact. If they wanted to demilitarize their nation and go for de-dollarization starting 2023, they could’ve just told us. The year has barely started or rather the first month isn’t even over yet and look how they’re making strides in undoing the Washington consensus of the 1940s. Of course, they put in a lot of work and found many decoys and convenient distractions along the way but why make everyone so miserable? Just tell us your plans in advance and we can tell you how you can achieve them by excluding us. There’s a general rule that they can apply here: just find someone else and leave us out of it.
thumb_up Recommended (0)
Ali Jan 29, 2023 05:47am
Excellent
thumb_up Recommended (0)
Rana Altaf Jan 29, 2023 02:43pm
Fact Sheet. Prices are Increasing because they are importing combustion engine. Ban on all combustion engine transportation and just allow production of all Electric. Hence, this is best policy. No imported fuel Produce energy from solar and thar coal plus dam. Turn the economy in this direction. Just one decision will resolve all Pakistan issues Rana Amir +61490867813
thumb_up Recommended (0)