Aaj TV English News - Business & Economy https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Fri, 17 Apr 2026 08:31:59 +0500 Fri, 17 Apr 2026 08:31:59 +0500 60 First shipment of Russian oil could reach Pakistan on May 24 https://english.aaj.tv/news/30319264/first-shipment-of-russian-oil-could-reach-pakistan-on-may-24 <p><strong>The first cargo of Russian oil, also being called the ‘test’ cargo, is expected to reach Pakistan on May 24.</strong></p> <p>The oil will be sold to Pakistan at a rate 35% below the price that it is being sold in the international market.</p> <p>Authorities have also said that Pakistan will try to get 30% of its oil from Russia, which could help ease Pakistan’s import bill.</p> <p>Energy Minister Musadik Malik has already clarified that the oil Pakistan will get from Russia will be crudi not refined. The agreement had said that the oil would reach Pakistan in May.</p> <p> <figure class='media sm:w-1/4 w-full media--right media--embed media--uneven'> <div class='media__item media__item--newskitlink '> <iframe class="nk-iframe" onload="setInterval(()=>{try{this.style.height=this.contentWindow.document.body.scrollHeight+'px';}catch{}}, 100)" width="100%" frameborder="0" scrolling="no" style="height:400px;position:relative" src="https://www.aajenglish.tv/news/card/30318695" sandbox="allow-same-origin allow-scripts allow-popups allow-modals allow-forms"></iframe></div> </figure></p> <p>The first batch will be refined by Pakistan Refinery Limited and the operation will gradually be spread to other refineries as well.</p> <p>Russian Energy Minister Nikolay Shulginov led a delegation to Islamabad in January to hold talks on the deal, after which he said oil exports to Pakistan could begin after March.</p> <p>It was earlier said that the deals would be made in currencies of ‘friendly’ countries and speculation had said that this could be Yuan and Dirham, but nothing has been made clear on this front.</p> The first cargo of Russian oil, also being called the ‘test’ cargo, is expected to reach Pakistan on May 24.

The oil will be sold to Pakistan at a rate 35% below the price that it is being sold in the international market.

Authorities have also said that Pakistan will try to get 30% of its oil from Russia, which could help ease Pakistan’s import bill.

Energy Minister Musadik Malik has already clarified that the oil Pakistan will get from Russia will be crudi not refined. The agreement had said that the oil would reach Pakistan in May.

The first batch will be refined by Pakistan Refinery Limited and the operation will gradually be spread to other refineries as well.

Russian Energy Minister Nikolay Shulginov led a delegation to Islamabad in January to hold talks on the deal, after which he said oil exports to Pakistan could begin after March.

It was earlier said that the deals would be made in currencies of ‘friendly’ countries and speculation had said that this could be Yuan and Dirham, but nothing has been made clear on this front.

]]> Business & Economy https://english.aaj.tv/news/30319264 Wed, 26 Apr 2023 18:36:44 +0500 none@none.com (Yasir Nazar) File photo.