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Print Print edition: 2023-05-30

Russian oil: first shipment likely to reach by first week of June

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KARACHI: The first shipment of Russian crude oil is expected to hit Pakistani port during first week of June 2023.

The crude oil ship carrying 100,000 tons liquid cargo has reached Oman Port and bound to reach Karachi in next few days.

0.1m tons of Russian oil to arrive in first week of June

The crude oil vessel is expected to complete transporting crude oil in two trips of 50,000 ton each as Pakistani port doesn’t have capacity to accommodate heavy ships carrying more than 50,000 tons liquid cargo. Pakistan Refinery Limited will initially refine the Russian crude in a trail run.

Pakistan imports most of crude oil and petroleum products from Saudi Arabia followed by United Arab Emirates.

Copyright Business Recorder, 2023

Crude Oil Russian oil oil ship

Comments

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Qaisar Saleem May 30, 2023 11:18am
The shackle breaking sound starts echoing
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Jani Walker May 30, 2023 03:08pm
Nothing will come from Oman unless all charges are paid in advance. Omani's do not trust liars.
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TimeToMovveOn May 30, 2023 04:53pm
@Qaisar Saleem, Wait a year to see how much oil is getting imported. It is not cost-effective to import and refine crude on a small scale. India next door is importing billions and refining it and selling it all over Europe. That oil floods the general market with much cheaper oil than what Pakistan might do. The price depression might make it harder to process oil locally in Pakistan. Same for Srilanka or Bangladesh or other small countries.
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