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.
So the idiots in government never tested this oil before importing?. Why we have Scientific commission and PCSIR laboratories then?. They government officers have no idea that what is going on. I am pretty sure that no one will be dismissed for this debacle. Please privatise most institutes of Pakistan and hire people on Merit. Government Baabus are destroying the whole country.
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.
you are still not getting point I am saying we had enough looking for govt and it does nothing so why people are not taking action e.g. see players association does and deals with sports bodies.
This is an important lesson for the rulers of Pakistan. Just because some other country is benefiting something, that doesn’t mean Pakistan will also be beneficial. Each country works according to its strengths. Unfortunately, Pakistan always wants to do what other countries are doing without analysing its own strengths.
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
instead of blaming russian oil, u can say u dont have the infrastructure for that, mean china and India are stupid that they r buying this oil is bulk and cheap
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?
@Test .. bus tum jaisay logoon ki waja sy saudia aasman py hy aur pakistan zameen py .. jitna islam islam pakistan karta hy itna to arab nai kartay .. jahan sy islam shuru hua .. aur kabhi jaa k dekhna wahan py .. k wahan py jo arab nahi hain un musalmanoon k saath kya sulook hota hy .. meray zati paisay ly k bhaag gaya kuwaiti aur mujhy jail main band karwa dia .. itna hi islaam ka naam roshan karna hy aur musalamanoon ko agay barhana hy to apnay mulk sy shuru karo .. saudia saudia nai kai karo
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.