Times of Islamabad

Pakistan seeks 2 Lakh barrel oil per day from Saudi Arabia on deferred payment

Pakistan seeks 2 Lakh barrel oil per day from Saudi Arabia on deferred payment

ISLAMABAD – Pakistan and Saudi Arabia held high level dialogues inIslamabad today to strengthen the strategic as well as the economicpartnership.

Pakistan has requested Saudi Arabia to provide 2 lakh barrel oil/day ondeferred payments for as much as three months.

As per details garnered, the delegations of Pakistan and Saudi Arabia heldfirst round of talks in Islamabad today.

Pakistan also offered Saudi Arabia to invest in LNG-fired power plants andindustrial zones under China Pakistan Economic Corridor (CPEC).

The delegations also agreed on increasing the bilateral trade between twobrotherly nations. Pakistani delegation also put forwarded issues beingfaced by Pakistan’s expats in oil-rich kingdom.

In the second rounds of talks, Saudi delegation will hold separate meetingswith Federal Minister for Petroleum and Natural Resources Ghulam SarwarKhan and Finance Minister Asad Umar.