Moscow, 3 October 2023 (TDI): The newly appointed Pakistani Ambassador to Russian Federation Khalid Jamali called on Russian Deputy Foreign Minister Andrey Rudenko to present a copy of his diplomatic credentials in Moscow, on October 3.

The Ambassador conveyed that developing excellent relations with the Russian Federation is one of the priorities of Pakistan’s foreign policy.

At the meeting held at the Russian Foreign Ministry, Ambassador Jamali expressed that he felt honored and delighted to lead the Pakistani embassy in Russia at a time when the relations between the two countries were on a steady positive trajectory.

He informed the Deputy Foreign Minister that President of Pakistan Dr. Arif Alvi had given him the order to improve bilateral ties with Russia during their farewell meeting.

In order to strengthen the momentum in the bilateral relationships and deepen collaboration in all areas of shared interest, Ambassador Jamali made a commitment.

Earlier on October 2, Pakistan refiner Cnergyico has imported the country’s first private-sector shipment of Russian crude oil, as the cash-strapped nation takes advantage of Moscow’s discounts on its oil exports.

With a capacity of 156,000 barrels per day (bpd), or one-third of the country’s total capacity of 450,000 bpd, Cnergyico runs Pakistan’s biggest refinery.

Cnergyico plans to export furnace oil, commonly used in industrial boilers, power plants, and ship engines.

Additionally, they aim to sell locally refined petrol and diesel derived from Urals crude.

Furnace oil is in high demand on the international market, which can aid Pakistan in earning foreign currency, according to the official.

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This year, Pakistan hopes to purchase 100,000 bpd from Russia, which would make up the majority of its overall imports, assist in resolving the country’s foreign exchange issue, and help control record inflation.

For its first import of discounted Russian oil, the government paid state-owned Pakistan Refinery Ltd. in Chinese yuan.

According to Cnergyico, it anticipates using the sale of furnace oil to produce foreign currency to make the Russian imports profitable.