In a groundbreaking development, Pakistan has inked a deal to procure cost-effective oil from Russia, with the first shipment of 100,000 metric tons set to dock in Karachi this December. What's the driving force behind this significant agreement? Delve into the details of how Russian oil, $10 cheaper per barrel than the market average, is poised to reshape the nation's energy landscape.
Petroleum insiders reveal that this pact, established on a commercial basis, allows local refineries direct access to Russian oil at a remarkable rate of $60 per barrel. As the first cargo prepares to make its way to Pakistani shores, anticipation brews for a potential government-to-government agreement following a regular supply chain.
Unlock the mysteries behind this game-changing alliance, and explore the implications for Pakistan's energy sector. Click to read more about this transformative step in the country's pursuit of energy sustainability and economic resilience.
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