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☆ France-based Arundell can play in Six Nations, but not Willis: RFU
▼ + stars: | 2023-10-10 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

Willis signed for Toulouse last November after Wasps collapsed but was allowed to play for England in this year's Six Nations. Willis left the England squad last week after a neck injury ended his World Cup. England's performance director Conor O’Shea said he hoped the situation with Arundell would be confirmed in the next few weeks. "They will only play for England while they are here (in camp)," he said. "It's the best for club, it's the best for country, it's the best for the player.

Persons: Henry Arundell, Bill Sweeney, Jack Willis, Arundell, Willis, couldn’t, England –, Sweeney, Henry, Conor O’Shea, Joe Marchant, Dave Ribbans, it's, O'Shea, Mitch Phillips, Peter Rutherford Organizations: England, Nations, French, Racing, London Irish, RFU, Irish, Wasps, Worcester, Samoa, Chile, Toulouse, Six Nations, Rugby Players, Association, Thomson Locations: MARSEILLE, France, Toulouse, England

Pakistan paid for its first Russian crude cargo in Chinese yuan. "How will it pay other lenders and how will it finance trade with China if it uses the low yuan reserves to pay for Russian oil?" However, Urals quality is a deterrent, as Pakistan's refineries cannot get as much gasoline and diesel out of Urals crude as they produce from Saudi and UAE crudes. Kpler's Katona expects Pakistan's liquidity issues and technical challenges to weigh on its appetite for Russian crude. "Russian imports into Pakistan will not grow into anything bigger than one cargo per month," he said.

Persons: Shahbaz Ashraf, Aadil Nakhoda, Nakhoda, Viktor Katona, Zahid Mir, Mir, PRL, Kpler's Katona, Ariba Shahid, Charlotte Greenfield, Florence Tan, Sonali Paul Organizations: Pakistan, United, FRIM Ventures, Karachi's Institute of Business Administration, Saudi, Pakistan Refinery Ltd, Reuters, Thomson Locations: KARACHI, Pakistan, Ukraine, Russia, Saudi Arabia, United Arab Emirates, Islamabad, Moscow, China, PORT, Oman, Saudi Arab, Saudi, UAE, Karachi, Sudarshan, Singapore

SummaryCompanies Trial of first cargo a success - ministerPrivate refinery PARCO also asked to buy Russian oil - ministerDiscounted crude a boost amid Pakistan's strained financesISLAMABAD, July 12 (Reuters) - Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, its petroleum minister said on Wednesday, highlighting the success of a first deal in helping the cash-starved nation. Musadiq Malik told reporters there was no scenario under which the country was "not benefiting" from Russian crude. "It will still benefit us," he said of the Russian oil. Malik said private entity Pak-Arab Refinery Limited (PARCO) had also been asked to import Russian crude. Islamabad is looking for Russian crude to account for one third of total oil imports.

Persons: Musadiq Malik, Malik, Asif Shahzad, Shivam Patel, Toby Chopra, Mark Potter Organizations: PARCO, Pakistan Refinery Limited, International Monetary Fund, Moscow, Arab Refinery, Energy, United, Thomson Locations: ISLAMABAD, Pakistan, Urals, Karachi, Russian, India, China, Ukraine, Moscow, Islamabad, Saudi Arabia, United Arab Emirates

Discounted crude offers respite as Pakistan faces an acute balance of payments crisis, risking a default on its debt obligations. The first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow earlier this year arrived in Karachi on Sunday. Pakistan's Refinery Limited (PRL) will initially refine the Russian crude, the minister said. Malik on Monday played down concerns around the financial viability and concerns about the ability of local refineries to process Russian crude given the South Asian country's historical importation of Middle Eastern petroleum products. "No adjustments (were) needed at the refinery to refine the Russian crude," the minister told Reuters.

Persons: Florence Lo, Malik Says, Musadik Malik, Pakistan's, Malik, Ariba Shahid, Asif Shahzad, Shilpa Jamkhandikar, Gibran, Philippa Fletcher, Toby Chopra Organizations: REUTERS, ., Karachi . Petroleum, Pakistan, Moscow, Pakistan's Refinery, Monday, Reuters, Energy, United, United Arab Emirates, Thomson Locations: Moscow, Islamabad, ISLAMABAD, Pakistan, Karachi, Russia, India, China, Ukraine, Saudi Arabia, United Arab

The country is planning to purchase Russian crude oil at a discount as high prices caused by geopolitical tensions have caused fuel prices to more than double in Pakistan. Pakistan Refinery Limited (PRL) will initially refine the Russian crude in a trial run, followed by Pak-Arab Refinery Limited (PARCO) and other refineries later. Pakistan is undertaking several measures, including raising fuel prices, to unlock a $1.1 billion tranche of aid from the International Monetary Fund. Fuel prices have jumped 143 rupees ($0.5046), or nearly 100%, in the last 12 months. Fuels including diesel became more expensive globally after Russia invaded Ukraine, which resulted in Western nations that consume large quantities of diesel imposing sanctions on Russian oil.

☆ Exclusive: Pakistan places first order for discounted Russian crude
▼ + stars: | 2023-04-20 | by ( Asif Shahzad | ) www.reuters.com time to read: +1 min

ISLAMABAD, April 20 (Reuters) - Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, the country's petroleum minister said, with one cargo to dock at Karachi port in May. The deal will see Pakistan buy crude oil only, not refined fuels, and imports are expected to reach 100,000 barrels per day if the first transaction goes through smoothly, Minister Musadik Malik told Reuters on Wednesday night. "Yes it is true that we will be getting only crude, not refined oil," Malik said in response to confirm sources information whether that's correct. He said Pakistan's Refinery Limited (PRL) will initially refine the Russian crude, with other refineries to be included later after a trial run. Russian Energy Minister Nikolay Shulginov led a delegation to Islamabad in January to hold talks on the deal, after which he said oil exports to Pakistan could begin after March.

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