A Russian delegation headed by the Energy Minister will visit Pakistan on January 19-20 to discuss the import of cheap oil, The decision was made in a meeting which was held here Thursday between officials of the Ministry of Energy of Pakistan and Russia. Both sides discussed shipping and insurance issues related to the purchase of Russian oil. Financial arrangements for oil import were also discussed in the meeting. Russia has agreed to provide crude oil at a discount price to Pakistan, says state minister for petroleum and energy Musadik Iqbal.
Both countries have also started negotiations for inking a long-term contract for the import of liquefied natural gas (LNG). Pakistan has two agreements with Russia, one is the Pakistan Stream Gas Pipeline (PSGP) and the other is the international gas pipeline.
