xi's moments
Home | Finance

Pakistan makes first import of Russian crude oil with Chinese currency

By Zheng Xin | chinadaily.com.cn | Updated: 2023-06-13 09:03

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua]

Pakistan paid for its first government-to-government import of Russian crude oil with Chinese currency, the country's petroleum minister said on Monday.

The purchase, the first government-to-government deal between Pakistan and Russia, consisted of 100,000 tons, according to Pakistan's petroleum minister Musadik Malik.

Pakistan made the purchase back in April.

Pakistan's Refinery Limited will initially refine the Russian crude, the minister said. He had earlier referred to the purchase of the shipment as a trial run to judge the financial and technical feasibility, but said on Monday to Reuters that all the tests and trials had been done, which found that the Russian crude was fit to refine and market locally.

zhengxin@chinadaily.com.cn

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349