Russian crude oil imports from Pakistan are halted.




KARACHI: The News on Sunday cited sources in the energy industry to say that Pakistan has halted the purchase of crude oil from Russia because the refining process produced more furnace oil than gasoline.

In addition, the sources indicated that Pakistan Refinery had turned down more Russian oil because it produced 20% more furnace oil and less gasoline than Arabian crude oil.

A higher export of furnace oil at a lower price offset the benefits of importing Russian crude oil, they continued.



According to some reports, Russian oil produced less kerosene and jet fuel for ships, which was bad for the nation.

In addition, notwithstanding Musadik Malik, a former state minister for petroleum, Pakistan Refinery has stopped refining Russian oil for the time being, according to industry insiders.

On June 11 and 26, two Russian crude oil ships arrived at the Karachi Port; thereafter, no more Russian crude oil ships visited Pakistan.

Over the past year, the problem of buying oil from Russia has grown significantly in political and diplomatic significance.

Russian oil's delivery and exact price were kept a secret by Pakistan. On June 11, in the late evening, the first shipment, including around 45,000 tonnes, arrived at Karachi Port. With the second ship,