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Pakistan gets first shipment of LPG from Russia, second major energy purchase for cash-strapped nation

Tuesday’s cargo comes after Pakistan acquired its first-ever supply of Russian crude oil in June beneath a deal struck between the 2 nations earlier this 12 months. File Photograph.

Pakistan has acquired the primary cargo of liquefied petroleum fuel from Russia, marking the cash-strapped nation’s second main Russian vitality buy.

The cargo of 100,000 metric tonnes of LPG was delivered by Russia to Pakistan by way of Iran’s Sarakhs Particular Financial Zone, the Russian embassy in Islamabad mentioned on Tuesday.

Nonetheless, it didn’t present particulars on Iran’s involvement, and it was not instantly clear how a lot the LPG price or if it was discounted.

The Russian embassy mentioned consultations are on for the subsequent cargo.

Tuesday’s cargo comes after Pakistan acquired its first-ever supply of Russian crude oil in June beneath a deal struck between the 2 nations earlier this 12 months.

Pakistan has mentioned it had paid for the Russian crude in Chinese language forex however the worth of the deal was by no means disclosed.

In accordance with a report within the Daybreak newspaper, vitality imports make up the vast majority of Pakistan’s exterior funds and discounted imports from Russia supply a respite as Islamabad faces an financial disaster with an acute steadiness of funds downside, risking a default on its exterior debt.

Pakistan wants each fuel and petroleum and has for the primary time tried to diversify its purchases by wanting past the Gulf area which historically offered the provides.

Quoting sources, The Specific Tribune newspaper had reported that impartial Russian oil refiner Forteinvest clinched a deal that can see Russian gasoline despatched to Pakistan by land for the primary time, as Russian refiners search various markets for motor fuels days earlier than an EU import ban.

Forteinvest has bought to a dealer an preliminary 1,000-tonne lot of gasoline from its Orsk plant for supply to Pakistan and has extra requests to provide gasoline, diesel and LPG to the nation, the sources mentioned.

The refined merchandise might be shipped from the Orsk refinery in Russia’s Orenburg area close to the Kazakhstan border to Afghanistan by rail and reloaded into tank vehicles for supply to Pakistan, as Russia and Pakistan don’t have direct rail connections, the report mentioned, quoting the individuals conscious of the event.

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