Pakistan Minister of State for Petroleum Musadik Malik has left for Russia to hold discussions on the import of oil and gas at a cheap rate.
Finance Minister Ishaq Dar confirmed the news that the Minister of State for Petroleum along with the Petroleum Secretary Muhammad Mahmood has left for Russia for a potential oil deal.
Pakistan will be able to save money and combat the growing cost of fuel thanks to the deal for the import of oil at a low price.
The delegation will also discuss the construction of the Pak-Stream Gas Line with Russian officials.
Earlier, the National Assembly was previously informed that a high-power delegation would shortly travel to Russia to discuss any potential for long-term collaboration to obtain gas and oil.
At that time Parliamentary Secretary for Petroleum Division Hamid Hameed told, “At present Russia has not offered to supply gas to Pakistan.”
Hamid Hameed further added that on the 11th of the previous month, the Pakistani government had sent a letter to the Russian authorities expressing interest in acquiring two to three cargoes of LNG for December 2022 and January 2023 at a cheap rate and a deferred compensation facility.
Earlier on November 13, Finance Minister Ishaq Dar stated that Islamabad aimed to sign an import deal with Moscow on terms similar to New Delhi’s.