Pakistan gets second shipment of Russian crude oil

Islamabad: Pakistan has received its second shipment of Russian crude oil as the cargo containing 100,000 metric tons oil has reached the port on Monday.

According to Energy Ministry officials, the largest oil refinery in Pakistan, Cnergyico, has acquired Russian crude oil that was discharged via SPM in the deep sea.

The refinery will extract petrol and diesel from the Russian crude oil and sell them in Pakistan, while furnace oil will be put up for sale in the international market, saving 10-15 percent foreign exchange for the country.

Russia's first oil shipment arrived in Pakistan in June of last year.

Pakistan expects to get Russian oil on the discount agreement at a price of $60 billion per barrel.