The test shipment, which will contain 750,000 barrels of crude, is expected to dock in June, and The News on Friday reported that Pakistan will probably pay for the Russian oil in Chinese Yuan. The publication was informed by a senior source from the Ministry of Energy that “the cargo might also arrive by the end of May.”
According to information gathered from sources, Pakistan will most likely pay the price of crude in Chinese currency, and the “Bank of China may play its role in transactions. Reliable sources have informed us that Pakistan would almost certainly pay for its crude in Chinese currency and that the “Bank of China may play its role for transactions.”
The official refused to disclose the specifics of the mode of payment and the precise discount, arguing it is not in the interest of the country, despite the seller’s desire to keep it a secret out of concern from other nations buying Russian oil directly from Moscow.
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