Pakistan Plans to Boost LPG Imports and Mulls Cheaper Oil Supply from Iran
AI Summary
Pakistan plans to increase liquefied petroleum gas (LPG) imports from Iran and considers importing cheaper crude oil from Iran as well. The country is leveraging its role in U.S.-Iran negotiations and has secured a U.S. waiver on sanctions to facilitate petroleum imports.
Pakistan will raise its imports of liquefied petroleum gas (LPG) from Iran and considers the idea of importing cheaper crude oil from the Islamic Republic, Pakistani Minister of Petroleum, Ali Pervaiz Malik, has said. Pakistan, which is a key mediator in the U.S.-Iran negotiations, has kept close relations with Iran throughout the latest Middle East crisis, and has relied on negotiating directly with Iran safe passage of LNG carriers from Qatar bound for Pakistan during the crisis. Now that the U.S. has waived the sanctions on Iranian petroleumβ¦