Second Russian crude oil cargo arrives at Karachi Port

Second Russian crude oil cargo arrives at Karachi Port

Islamabad: A second shipment of 55,000 tonnes of discounted Russian crude oil arrived at the Karachi port on Tuesday. This import is vital to meet the country’s energy needs. “The ship ‘Clyde Noble’ carrying Russian has arrived at Karachi Port” in the Arabian Sea, Karachi Port Trust (KPT) said. The statement added that the ship loaded with Russian crude oil would dock at the oil pier as soon as the berthing plan of the ship is finalised. Initially, Pakistan’s Refinery Limited (PRL) will refine the Russian crude, with other refineries joining in after a trial run. Pakistan’s order for cheap Russian crude oil was placed under a new deal between Islamabad and Moscow reached in April 2023 to buy only crude oil, not refined fuels. The government placed an initial order of 100,000 tonnes of Russian crude oil after prolonged negotiations. The first cargo carrying 45,000 tonnes of oil docked at the Karachi port on June 11. The shipment is arriving via Oman from where it has been transported to Pakistan in smaller vessels due to the limited capacity of Pakistani ports to handle larger shipments. The second shipment was slated to arrive on June 20, however, it was delayed