Pakistan has received the largest-ever US crude oil shipment to dock at a local port.
The vessel MT Pegasus, carrying one million barrels of West Texas Intermediate crude, will berth today at Cnergyico’s offshore oil terminal in Balochistan.
This marks the first-ever commercial import of US crude oil into Pakistan under the new bilateral trade framework. Industry officials are calling it a historic breakthrough for the country’s energy sector.
Cnergyico confirmed that the tanker sailed from Houston on September 14 and is now nearing its final docking point at the Single Point Mooring (SPM) terminal.
The development officially opens the door for long-term crude oil trade between Islamabad and Washington.
Cnergyico previously set a national record in 2017 by handling the largest crude vessel ever received in Pakistan. The company plans to bring in a second US crude shipment in mid-November and a third consignment in 2026.
Industry officials say the move will diversify Pakistan’s energy supplies, enhance refining margins and support bilateral trade growth with the United States.
A Cnergyico spokesperson said the arrival of US crude marks “a new chapter in Pakistan-US commercial relations”.
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How is that a positive news if awaam doesn’t get to know that at what cost was this shipment procured, and what financial benefits did we achieve in comparison to existing shipments? And what are the future procurement terms which make this shipment exceptional? Any economists willing to share insights?
What a joke we are .
We are banned from getting cheaper oil from our neighbors. But we brag about getting extremely expensive oil from the farthest country possible and at the highest price
Wow showbaz . You’re a real joke
Industry officials are calling it a historic breakthrough for the country’s energy sector.
Yes by buying the most EXPENSIVE OIL possible from a country oceans apart. Wasting our own people future
Oil ka keh kar Public ko cheat kar rahay hn
When we have agents around they will make such policies and when Pakistani Baloch people get oil from neighbouring countries they term them smugglers which in fact save our foreign exchange to import oil. They are getting oil with Pakistani foreign exchange.
In return to this crude oil what America will ASK from Pakistan???😘🤣
In this article it is not analysed that what is the cost and quality of shipment as compared to other suppliers. This analysis will show the level of patriotism.