Japanese Firm Offers 35% Cheaper Oil and Gas to Pakistan

A renowned Japanese trading company, in collaboration with an Irish partner, has extended an offer to Pakistan to obtain Russian oil as well as LNG from Nigeria at a price that is 35 percent lower than the global market.

During a meeting in Tokyo, a representative of the Japanese company made this offer to Pakistan’s ambassador. Rana Abid Hussain, President of the Pak-Japan Business Council and a Pakistani businessman living in Japan, hosted this meeting. The envoy was briefed on oil and LNG by the Japanese representative.

The Japanese company’s representative claimed that his firm and partner company have permission to sell Russian oil and Nigerian LNG. The Japanese representative stated that if Pakistan was willing to buy oil and gas, they could sell both at a 35 percent discount to the global market.

On this occasion, Pakistani envoy Raza Bashir Tarar stated that Pakistan will consider this offer and will notify the relevant ministry and notify the Japanese company.

Also present at the meeting, the President of the Pak-Japan Business Council Rana Abid Hussain stated that Pakistan is currently experiencing a severe economic crisis and is forced to spend large sums of foreign currency on oil and gas imports. He commented that if global laws permit, Pakistan should have no trouble purchasing cheap oil and gas.

  • koy pakistan k liy sochy ga to sasti cheez ln ge na, sb hukmran apni tajori ka sochty hm

  • It sounds great n it’s quality is according to our required standards?Tarar sb ll also play his vital role to get best out of this offer!

  • They say that when something is too good to be true, it usually is that. We should know how they can afford to give us a 35% discount compared to ROW. Pakistan should do what is best for Pakistan. After considering every aspect of the offered deal and it’s consequences, we should do it. The first block I see is that of current payments and not deferred. It is manageable. The other is the reaction of KSA, Qatar and UAE. A true test of diplomatic skills. “The zen master said, We’ll see.”

  • Get Alerts

    Follow ProPakistani to get latest news and updates.

    ProPakistani Community

    Join the groups below to get latest news and updates.