Russian crude oil import suspended, sources
The import of Russian crude oil is reported to have been suspended!
According to sources in the energy sector, the import of crude oil from Russia has been suspended after more furnace oil was produced than petrol from the Russian oil during the refining process.
Pakistan Refinery Limited (PRL) refused to process more Russian oil, as it yielded less petrol with 20% more furnace oil than Arabian crude oil, the sources claimed.
Furthermore, the benefits of importing Russian crude oil were limited, with a larger quantity of export of furnace oil at a lower price, the source added.
Russian oil yielded less kerosene and jet fuel for ships, which was not beneficial for the country, the sources added.
According to industry sources, in view of the above-mentioned reasons, Pakistan Refinery has given up refining Russian oil for now, despite the insistence of former state minister for petroleum Musadik Malik.
Two crude oil ships from Russia had arrived at the Karachi Port on June 11 and 26 respectively, after which no Russian oil ship came to Pakistan.
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