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PRL refutes reports about suspension of Russian crude oil import

The authority says negotiation for another spot deal in progress

By Our Correspondent
August 14, 2023
Pure Point, the vessel in which Russian oil reached Pakistan, can be seen anchored at a dock in Karachi, on July 12, 2023, in this still taken from a video. — Twitter/@Roohan_Ahmed
Pure Point, the vessel in which Russian oil reached Pakistan, can be seen anchored at a dock in Karachi, on July 12, 2023, in this still taken from a video. — Twitter/@Roohan_Ahmed

KARACHI: Pakistan Refinery Limited (PRL) on Sunday contradicted the report that Russian crude oil import was suspended because of processing issues

and announced that negotiations for another spot deal are in progress. “The Russian crude was successfully processed and the spot deal was technically and commercially feasible,” Zahid Mir, Chief Executive Officer (CEO) of PRL, said in a written clarification in response to the news reports about the suspension of Russian crude oil import because of refining issues at PRL. He said the PRL would again process the Russian crude oil, when available at favourable commercial terms, adding that negotiations for another spot deal were in progress.