Karachi: The import of crude oil from Russia has been suspended after more furnace oil was produced than petrol during the refining process, according to sources in the energy sector, media reported on Sunday.
The issue had gained political and diplomatic importance as Pakistan has always kept the exact price of Russian oil and its arrival secret, it reported.
According to industry sources, the Pakistan Refinery has given up refining all the Russian oil for now despite the insistence of former state minister Musadik Malik.
Advertisements
As per media, Sources claimed that the Pakistan Refinery had refused to process more Russian oil, as less petrol was being produced from it with 20 percent more furnace oil compared to the Arabian crude oil.
It is evident as only two crude oil ships from Russia had arrived at the Karachi Port on June 11 and 26, after which no Russian oil ship had come to Pakistan.
According to experts, if the prices of Brent crude oil and Arab Light Sea crude oil increase further and the price of Russian oil does not increase, only in such cases the purchase of Russian oil could be beneficial for Pakistan. But chances for such a situation are limited, the experts believe, media reported.
Advertisements
Next Story:
-
Telangana Records 52.34 Percent Polling By 3 PM
The polling process for the Lok Sabha elections in Telangana is going on peacefully. 52.34 percent of polling was recorded till 3 pm. A polling of 39.92 percent was recorded in the Cantonment by-elections.
-
BJP Lodges Complaint Against Revanth Reddy
The BJP on Monday lodged a complaint with State Chief Electoral Officer Vikas Raj against Telangana Chief Minister A Revanth Reddy for holding a press conference and making several appeals to the voters.
-
CM Revanth Reddy Cast His Vote In Kodangal
elangana Chief Minister Revanth Reddy cast his vote at a polling booth in Kodangal in the Mahabubnagar constituency during the fourth phase of ongoing Lok Sabha elections on Monday.
-
YSRCP MLA Slaps A Voter And Gets Slapped Back
A ruling YSRCP MLA on Monday slapped a man waiting to cast his vote at a polling booth here only to receive it back himself.
-
Case Registered Against Madhavi Latha
A case has been registered against Hyderabad BJP MP candidate Madhavilatha. A case was registered under various sections at Malakpet PS on the orders of Election Officer Ronald Ross.
Now you can get the latest stories from Hydnow every day. Click the link to subscribe. Click to follow Hydnow’s Facebook page and Twitter and Instagram