Japanese Trading Corporation Offered Cheaper Oil to Pakistan
During a meeting in Tokyo, a Japanese Trading Corporation and its Irish associate proposed to Pakistan that they purchase Russian oil and Nigerian LNG at a 35% discount compared to the market rate.
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The Pakistani ambassador was presented as a representative of the Japanese company during the meeting. The proposal was brought up by Pakistani businessman Mr. Rana Abid Hussain, who explained that Pakistan is facing an economic crisis due to excessive spending on oil and gas imports.
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The Japanese official discussed the offer with the ambassador and assured Pakistan that they could purchase oil and petrol at a much lower price than the market rate. The Pakistani envoy, Mr. Raza Bashir Tarar, stated that he would inform the relevant ministry and consider the offer before getting back to the Japanese company.
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