{"id":21463,"date":"2023-06-12T08:32:18","date_gmt":"2023-06-12T12:32:18","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/exclusive-pakistans-russian-crude-shipment-paid-in-chinese-currency-minister\/"},"modified":"2023-06-12T08:32:18","modified_gmt":"2023-06-12T12:32:18","slug":"exclusive-pakistans-russian-crude-shipment-paid-in-chinese-currency-minister","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=21463","title":{"rendered":"Exclusive-Pakistan’s Russian crude shipment paid in Chinese currency – minister"},"content":{"rendered":"
\n

By Ariba Shahid<\/p>\n

(Reuters) – Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, the South Asian country’s petroleum minister said on Monday, a significant shift in its U.S. dollar-dominated export payments policy.<\/p>\n

The first cargo of discounted Russian arranged under a new deal struck between Islamabad and Moscow arrived in Karachi on Sunday. It is currently being offloaded at the port.<\/p>\n

Petroleum Minister Musadik Malik, talking to Reuters by phone, did not disclose the commercial details of the deal, including pricing or the discount that Pakistan received.<\/p>\n

“We’ve run iterations of various product mixes, and in no scenario will the refining of this crude make a loss,” Malik said. <\/p>\n

“We are very sure it will be commercially viable.” <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Ariba Shahid (Reuters) – Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, the South Asian country’s petroleum minister said on Monday, a significant shift in its U.S. dollar-dominated export payments policy. The first cargo of discounted Russian arranged under a new deal struck between Islamabad and Moscow arrived in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-21463","post","type-post","status-publish","format-gallery","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nExclusive-Pakistan's Russian crude shipment paid in Chinese currency - minister | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Ariba Shahid (Reuters) - Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, the South Asian country's\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=21463\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive-Pakistan's Russian crude shipment paid in Chinese currency - 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