Pakistan Oil Import | MCQs

Explanation

In 2023, Pakistan entered into a long‑term commercial agreement with Russia to import crude oil at a discounted rate (approximately $60/barrel, around $10 under market price).

The first agreed cargo of ~100,000 metric tonnes began arriving in late 2023, with Pakistani refineries.

Such as Cnergyico and Pakistan Refinery Limited—receiving the shipment and refining the oil locally.