Musadik Malik denies crude oil deal with Russia

Federal Minister for Petroleum Musadik Masood Malik clarified on Wednesday that no agreement has been reached regarding the purchase of crude oil from Russia, despite ongoing talks.

The minister’s statement comes after media reports had circulated claiming that an agreement had been reached with Russia for the purchase of crude oil.

Addressing the media, Musadik Malik stated that recent discussions surrounding the procurement of crude oil from Russia had not resulted in a formal agreement.

He explained that while there was an attempt to purchase oil through a public sector company, this initiative had not come to fruition.