In February 2022, the EU forced sanctions on Russia because of the Russian attack of Ukraine. The approvals as of now included prohibitive measures (individual authorizations), monetary endorses, and visa measures.
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Western big hauler back up plans are worried that they may accidentally assist with delivery Russian raw petroleum over the $60 per barrel cost cap as buys and exchanges have become obscure since the G7 presented the cost roof toward the beginning of December 2022.
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Pakistan has ordered its first shipment of crude oil from Russia, which will arrive in late May or early June. The initial order, carrying 100,000 tons of crude, will be shipped at a discount of up to $18 per barrel, a price that is lower than Platts’ crude oil prices.
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Minister of State for Petroleum Dr Musadik Malik on Friday said that Prime Minister Shehbaz Sharif had announced to establish a refinery that would cost between $10 to $14 billion. Speaking at a news conference
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The Board of Directors of Oil and Gas Development Company Limited (OGDCL) in its meeting held on April 27, 2023 at Islamabad approved the financial results for nine months ended March 31, 2023 of financial year 2022-23.
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