Pakistan plans Russian-Saudi oil 'cocktail' to help cut energy cost

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Cash-strapped Pakistan plans to blend 'various recipes' of lighter Arabian crudes and Russian crude to create the 'perfect cocktail.'

Pakistan is planning to blend newly purchased Russian crude with Arabian light crude in order to create a mixture that will be more easily processed by the nation’s oil refineries, Pakistan’s energy minister said on Tuesday, May 9.as high prices caused by geopolitical tensions have caused fuel prices to more than double in Pakistan.as part of sanctions on Moscow for its invasion of Ukraine say that the cap is also forcing Russia to sell oil to developing countries at lower prices.

Malik said he met with Biden administration officials and companies about energy transition technologies like hydrogen and solar power.

 

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