Russia, Pakistan reach conceptual agreements on supplying oil, petroleum products

ISLAMABAD. Jan 20 (Interfax) - Russia and Pakistan have reached conceptual agreements on supplying oil and petroleum products, Russian Deputy Energy Minister Sergei Mochalnikov said during a meeting of the intergovernmental commission.

"Conceptual agreements have been reached on supplying oil and petroleum products to Pakistan, and a big step forward has been taken in terms of energy and power plant engineering," Mochalnikov said.

"The parties discussed all the remaining questions from the Pakistani side regarding the Pakistan Stream [Gas Pipeline] project. They were provided with exhaustive answers, and a presentation on the concept of supplying gas to Pakistan was held today," Mochalnikov said.

"We need to see where Pakistan Stream belongs in this concept as soon as possible," he said.

Pakistani Energy Minister Musadik Masood Malik said in an interview with RT that the country imported about 70 million barrels of oil a year, "so it would be very useful for us to receive oil from Russia," as neighboring countries do.

Russia's Central Dispatching Department of the Fuel and Energy Complex (CDU TEK) has said oil supplies to Pakistan in 2021 were carried out from Saudi Arabia - 50.6% and the United Arab Emirates - 41.3%. All oil imports are handled through Fatco's terminals at the ports of Qasim and Keamari in Karachi, from where oil is delivered by pipeline to Pakistan's refineries.