Pakistan plans oil imports from Russia

[BHarwana]

it will be delivered by sea!

It will be delivered by land most probably we will load it from China because China Russia oil pipeline will be completed in 2018.

and the figure I quoted above of $4.5 billion is wrong. It is what Pakistan saved in 2016 due to low oil prices.

Still a long route and much difficulties.
I would recomend you to visit google map and watch it carefully.
I think middle eastern side is much easier and shortest route.

China to complete Russia oil, gas pipeline sections by end-2018: vice governor

https://www.reuters.com/article/us-...tions-by-end-2018-vice-governor-idUSKBN18819I

Second route of Oil will be Iran Because Russia is the supplier of Irani oil.

 

[Path-Finder]

Via Iran. Bcz Russia have reserves in Iran

ok I didn't know about that.

Still a long route and much difficulties.
I would recomend you to visit google map and watch it carefully.
I think middle eastern side is much easier and shortest route.

Russia has tanker fleet in the east as well! but lets see what happens.

 

[BHarwana]

The real reason behind this move is Pakistan is going to shift to YUAN and Russia will accept oil payments in YUAN @Path-Finder Iran will also accept it. lol this is going to piss uncle sam a lot.

 

[Torch_v2.0]

To Yankees!!

 

[A.P. Richelieu]

The real reason behind this move is Pakistan is going to shift to YUAN and Russia will accept oil payments in YUAN @Path-Finder Iran will also accept it. lol this is going to piss uncle sam a lot.

The happiest will be the Chinese and the Russians, if the value of the Yuan is appreciated vs the dollar.
This is so, because that means that the debt will increase, and Pakistan will pay more,
than it would have to pay if it bought in dollar. Buying in Yuan is good if the Yuan is depreciated, which will happen if the economy of China crashes.
That will have grave effect on CPEC of course.
Enjoy Yourself...

 

[BHarwana]

The happiest will be the Chinese and the Russians, if the value of the Yuan is appreciated vs the dollar.
This is so, because that means that the debt will increase, and Pakistan will pay more,
than it would have to pay if it bought in dollar.
Buying in Yuan is good if the Yuan is depreciated, which will happen if the economy of China crashes.
That will have grave effect on CPEC of course.
Enjoy Yourself...

LOL my friend you forgot IMF has recognized Yuan as well and will accept debt in Yuan so to pay the loan a simple solution will be to stock Yuan now and then shift Yuan totally and pay off IMF. Pakistan has already made a Yuan swap deal with China so what do you think is going to happen because I know what is going to happen it is becoming a clear picture already.

 

[Path-Finder]

The real reason behind this move is Pakistan is going to shift to YUAN and Russia will accept oil payments in YUAN @Path-Finder Iran will also accept it. lol this is going to piss uncle sam a lot.

I did say the yanks are withholding money that is owed for using ports and roads to keep their occupation going. Pakistan should demand money in Yuan and not dollars, once they have to make payment as things will grind to a halt here.

 

[BHarwana]

I did say the yanks are withholding money that is owed for using ports and roads to keep their occupation going. Pakistan should demand money in Yuan and not dollars, once they have to make payment as things will grind to a halt here.

Shifting to Russian oil via Iran or China\Russia pipeline and switching to Yuan, Yankees $700 million is of no value once all this has happened. Russia Iran Pakistan China and Central Asia all are currently ready to go for Yuan.

 

[cloud4000]

I wonder if it is being done to aggravate the yanks! who knows.

More like aggravate the Gulf states. They use oil imports as leverage over Pakistan. Buying oil from alternative sources will really help Pakistan regionally, especially with Iran. This is a win-win for Pakistan.

 

[Path-Finder]

More like aggravate the Gulf states. They use oil imports as leverage over Pakistan. Buying oil from alternative sources will really help Pakistan regionally, especially with Iran. This is a win-win for Pakistan.

lets see how things pan out.

 

[cloud4000]

LOL my friend you forgot IMF has recognized Yuan as well and will accept debt in Yuan so to pay the loan a simple solution will be to stock Yuan now and then shift Yuan totally and pay off IMF. Pakistan has already made a Yuan swap deal with China so what do you think is going to happen because I know what is going to happen it is becoming a clear picture already.

If there's an increase in demand yuan than what do you think will happen to the currency, especially against the rupee? Simply switching currencies is not going to help Pakistan. You are just switching your dependency from one currency to another.

 

[Chhatrapati]

IMF has recognized Yuan as well

Assuming a position in SDR basket is not a guarantee that it will not crash. Yuvan deal will be good for your forex i.e USD and gold reserves.

 

[Basel]

WOW

A very very unlikely move.

But a very very crucial move if it happens.

Tables will turn

Pakistani deep state is very sensitive about India and enemies friend is not true friend if not enemy.

 

[Muhammed45]

Well, Russia is completing Iran's former strategy during the sanction times.

Look at east

Good development, Pakistan has a huge labor force and i believe if she moves in the right direction, we would witness a smaller model of China's economy in Pakistan.

 

[Basel]

The happiest will be the Chinese and the Russians, if the value of the Yuan is appreciated vs the dollar.
This is so, because that means that the debt will increase, and Pakistan will pay more,
than it would have to pay if it bought in dollar.
Buying in Yuan is good if the Yuan is depreciated, which will happen if the economy of China crashes.
That will have grave effect on CPEC of course.
Enjoy Yourself...

Problem with US is that China don't want its currency to appreciate like dollar.