Overview
- Finance Minister Muhammad Aurangzeb said energy ministries are working through technical and commercial details for a potential agreement covering exploration, production and refining.
- Russian participation in upgrading an existing Pakistani refinery remains under discussion, according to earlier comments by Energy Minister Sergei Tsivilev.
- Aurangzeb said both countries are evaluating plans for an additional steel plant in Pakistan.
- No final agreements have been announced, with talks progressing alongside Pakistan’s domestic drive that included early‑December block auctions and five new exploration deals.
- Engagement has deepened since Pakistan began importing Russian crude in 2023 to reduce costs, reinforced by October meetings with Gazprom and a September Sharif–Putin interaction.