The import of the once supposedly ‘cheap’ Russian crude has been suspended after the refining process produced more furnace oil than petrol, according to a report in a National Daily.
Quoting sources, the report said that Pakistan Refinery Limited (PRL) has refused to process more Russian crude as the petrol being produced from Russian oil is much less than that produced from Arabian crude.
The report further said that despite being touted as cheap, there is little benefit of importing Russian crude as the quantity of furnace oil produced from it is much higher. It further said that even less kerosene and jet fuel had been produced from the Russian crude which further diminished any benefits.
Late in June, the second cargo of 55,000 tons of Russian crude arrived in Pakistan. Earlier, on June 12, a vessel carrying 45,000 tons of Russian crude oil docked at the Karachi port, bringing Pakistan its first delivery of Russian crude.
The import of Russian oil was pitched as a game changer that would bring down the prices of petroleum products in Pakistan. However, due to less petrol being produced, there is little benefit to importing Russian crude.
However, the report said that Russian oil could become feasible if its prices remain at the current level while global oil prices rise. However, such a scenario seems unlikely.
lack of refineries and lack of cracking is the root cause of this. While India saved billion of dollars
please can you donate for refineries or start crowd funding for refineries we need refineries.
We are taxpayers its our right to ask. Learn to respect yourself and ask questions.
Wow…why should the poor bear the expense of state’s failure. Why don’t make laws to take away properties of military establishment and bring back embezzled funds from london and elsewhere ? We do crowdfunding so that they send their children to those foreign places to enjoy and they eat our souls. Better than that would be Pakistan disintegrates into 3-4 different friendly countries.
Our refineries are based on old technology that’s why they’re producing more furnace oil whereas India is saving billions of dollars by importing same Russian oil to Europe from their modern refineries.
they are saying it produces less petrol more furnace oil it is not good
sub dramay hain . Aakhir saudio ko bhi to nawazna hai :) PRL already said k saudi oil say acha oil hai russian . Laikin phir bhi . sub say pahlay pakistan ? a question !
saudia is heart and soul of our muslims. Buying from Saudia helps muslims.
Haha, they don’t even consider Pakistanis as muslims. And they are right almost all muslims in Pakistan are an insult to islam starting from the top (establishment and government) who feed on soul of poor pakistanis while their children and they enjoy the luxuries which the richest of the world can afford. All this while pakistan is in dire need of reform. So stop thinking of yourselves as muslim– years of muslim/non-muslim dramas has led you here..continue doing it for some more time and there will not be a country named Pakistan .
If we can boycott countries like israel and sweden. it is good buying from saudia helps muslim countries even it is expensive we need to buy from muslim countries so it helps muslims unlike sweden.
What would be next option to meet crude oil demand in the country?
Rascal PDM imported it for their own kickback sending it to their original country India to refine it and earn profit.
Followers of Satan.
I think Pakistan has been directed not to buy Russian oil. This is just an excuse. You don’t import and then find this out. Most of the world is buying Russian oil without such problems. India has made billions of dollars not only importing for own use but subsequently reexporting petrol and diesel even to those countries which have boycotted Russia.