UP

Pakistan to import US oil for the first time in a major shift

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Pakistan to import US oil for the first time in a major shift

Pakistan's largest oil refining company, Cnergyico, will import 1 million barrels of crude oil from the United States in October.

Axar.az reports that this was stated by Osama Qureshi, deputy head of Cnergyico.

He said that the oil batch was purchased from global commodities trader Vitol:

"This is a test batch as part of our long-term agreement with Vitol. If it turns out to be commercially viable and profitable, we will be able to import at least one batch per month."

Reuters, however, emphasized that the oil agreement comes months after US President Donald Trump threatened Pakistan's exports with serious tariffs, which prompted Islamabad to expand energy and trade ties with Washington:

"Pakistan's first purchase of American oil is a significant change in Islamabad's long-standing dependence on Middle Eastern hydrocarbon suppliers."

Date
2025.08.01 / 12:53
Author
Axar.az
See also

Four killed, 46 injured in attacks on Belgorod region

CENTCOM: US, Saudi strike Iran-aligned targets

Russia puts Pavel Durov on international wanted list

Netanyahu voices skepticism over Iran deal

Uskudar mayor detained in Turkiye

Ukrainian drones hit Ryazan refinery - Video

Three Russian Black Sea terminals restrict grain intake

CENTCOM: Iran launched missile attack on US forces - Video

Iran says Strait of Hormuz will remain closed

Turkiye pledges full support for Iraq

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla