Posted 10/2/2023, 7:06:29 AM
Pakistan Imports First Private Sector Russian Oil Shipment, Aiming to Diversify Energy Supplies
- Pakistan refiner Cnergyico has imported the country's first private-sector shipment of Russian crude oil.
- The shipment marks an important milestone for Cnergyico and Pakistan, demonstrating the company's capabilities.
- Cnergyico conducted due diligence to ensure importing Russian oil did not violate sanctions.
- Pakistan aims to import 100,000 bpd from Russia this year, accounting for most of its total imports.
- Cnergyico plans to sell gasoline and diesel locally and export furnace oil to generate foreign exchange.