Connect with Zorays

Hi, what are you looking for?

Economy

The Journey of Russian Oil to Pakistan: A Closer Look at the Shipping Process
Advertisement

Economy

Pakistani Corruption a Rare Love Story

Economy

Special Investment Facilitation Council (SIFC) Faces Backlash Over Asset Sales in Pakistan

Economy

Syed Asim Munir Shah: The Visionary Driving Pakistan's Economic Renaissance

Economy

Ensuring Transparency and Accountability: Strengthening ICAP for a Stronger Pakistan

Economy

How to Boost Your Success on Upwork and Outrank Competitors

Economy

Products and goods that can increase Pakistan global export index?

Economy

Rumors of Pakistan Economy Default until IMF Loans Return

Economy

The Journey of Russian Oil to Pakistan: A Closer Look at the Shipping Process

Post Views: 8,636
Published

and it takes only 6 minutes to read.
5 of 6
Use your ← → (arrow) keys to browse

The decision to import Russian oil from India instead of going through Saudi Arabia or the UAE could be attributed to India’s significant import volumes. It’s possible that diverting 100,000 tons from their supplies was a more convenient option, especially considering that Indian refineries are optimized to process larger quantities of Urals grade (heavy sour) crude oil. Nevertheless, this choice does seem unusual and deviates from the expected route.

It has been reported that the settlement for this consignment was made in Chinese Renminbi (RMB). Traders involved in the transaction were able to earn substantial profits from this shipment. Additionally, a trader based in the United Arab Emirates (UAE) apparently received a commission solely for invoicing the cargo. These details shed light on the financial aspects and incentives surrounding the deal, highlighting the potential benefits gained by various participants in the process.

READ:   Syed Asim Munir Shah: The Visionary Driving Pakistan's Economic Renaissance
In this article:, , ,
Social Hashtags:No tags for this post.
if ( function_exists( 'pgntn_display_pagination' ) ) pgntn_display_pagination( 'multipage' );
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Advertisement

Most Viewed Posts

  1. niche Niche And Event Blogging – Scaling Beyond 10 Lac & Making Money (52,726)
    What do you want to be known for? What could you teach? What can you influence? Or what do you want to influence? What is your area of expertise? What do you know that others in your industry don’t? Identifying your uniqueness and value is easier said than done. For those of you wondering how […]
  2. Opening Batsman All Time Favourite Pakistani Opening Batsmen (28,327)
    My personal favorite had always been Imran Nazir and Saeed Anwar. Illustrious Career of Saeed Anwar Saeed Anwar is considered one of the greatest opening batsmen in the history of Pakistani cricket. He made his debut for Pakistan in 1989 and went on to have a long and illustrious career that lasted until 2003. Anwar […]
  3. hydrogen cars Australia’s First Hydrogen Car: Hyundai Nexo Launches with Eco-Friendly Features (25,477)
    Australia's first hydrogen car, the Hyundai Nexo, has hit the market, featuring rapid 5-minute refueling at dedicated hydrogen stations. This vehicle boasts a remarkable range of 900 kilometers on a full tank while also purifying the air as it drives. Hyundai Nexo marks the debut of serialized hydrogen fuel cell technology in a commercial car, […]