test by sheroz
Sunday, Dec 22, 2024
test by sheroz
Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
"Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow," Sharif tweeted.
"This is the first ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation," he added.
A port official said on Sunday evening that the oil was in the process of being unloaded.
Reuters first reported on the deal in April. The discounted crude offers a relief to Pakistan, which is facing a payments crisis and is at risk of defaulting on its debt.
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Pakistan's purchase gives Russia a new outlet, adding to Moscow's growing sales to India and China, as it redirects oil from western markets because of the Ukraine conflict.
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