The Pakistani government has asked its refineries to provide feedback on importing attractively-priced Russian crude in an effort to soften the blow from a ballooning import bill, joining a list of Asian countries which are keeping their options open to buy from the non-OPEC supplier. The government has written a letter to Pak Arab Refinery, National Refinery, Pakistan Refinery, and Cnergyico, formerly Byco Refinery, to submit their detailed reports on whether the refiners can import crude oil from Russia, according to a government document seen by S&P Global Commodity Insights. As global crude oil prices have skyrocketed, the value of Pakistan’s crude oil imports in the first 11 months of fiscal year 2021-22 (July-June) jumped to $4.76 billion for import volumes of 8.16 million mt, compared with $2.72 billion for import volumes of nearly 8 million mt in the same period during the previous fiscal year, according to data […]