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From Astana with energy: Putin pledges oil supplies to Pakistan

Khalid Umar Malik
6 Jul 2024

ISLAMABAD, Pakistan - Russian President Vladimir Putin on Wednesday offered Pakistan greater energy supplies, including crude oil, during his meeting with Prime Minister Shehbaz Sharif in Astana on the sidelines of the Shanghai Cooperation Organization (SCO) conference.

As per the agreement inked by both nations, Pakistan received its first cargo of Russian crude oil in June of last year.

The first oil shipment was intended to evaluate Pakistan's crude oil processing system and other logistics-related expenses and problems.

Analysts think it will be premature to determine whether the agreement will significantly help domestic consumers.

Pakistan desired to benefit from Russia's cheaper oil supplies. However, there has yet to be any activity beyond the initial shipment.

Putin and Prime Minister Shehbaz met on Wednesday and discussed the potential for increased energy supplies to Pakistan.

"I would like to draw special attention to two important areas: collaboration in the agro-industrial and energy industries."

Putin informed Shehbaz, "We have begun supplying Pakistan with energy resources, and we are prepared to increase these supplies further."

The Russian president added, "As per your request, Russia is actively working to support Pakistan's food security by increasing grain supplies to the Pakistani market."

Putin also mentioned the two foreign ministries' collaboration in international forums and organizations.

"We are happy to see that our friendly relations have thrived over the decades," Prime Minister Shehbaz stated in his remarks.

"I hope today's meeting will help further solidify Pakistani and Russian relations."

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