ISLAMABAD: Pakistan recently marked a significant milestone by receiving its first shipment of United States crude oil, which docked at Cnergyico’s offshore terminal in Balochistan.
The cargo was transported by the Suezmax vessel MT Pegasus. Earlier this month, reports indicated that Cnergyico planned to import 1 million barrels of oil from Vitol.
Usama Qureshi, Vice Chairman of Cnergyico Pk Limited, expressed that this inaugural shipment is a crucial development for Pakistan’s energy sector. He mentioned that two additional shipments are scheduled, one in mid-November and another in January 2026. Collectively, these three deliveries are anticipated to enhance Pakistan’s trade balance with the United States by approximately $200 million.
Qureshi emphasised that the Single Point Mooring (SPM) facility, being the only offshore crude handling terminal in the country, allows for efficient receipt of large vessels, reduces logistics costs, and improves refinery operations. He noted that these imports not only diversify Pakistan’s crude supply but also strengthen trade relations with the US and contribute to the nation’s long-term energy security.
Read also: Pakistan to export camel milk powder to US, China, and Saudi Arabia
Federal Minister Rana Tanveer Hussain said that Pakistan is producing camel milk powder and exporting it to the US and China, while Saudi Arabia has also shown interest in buying the powder.
Rana Tanveer Hussain said that Pakistan is producing camel milk powder and exporting it to the US and China. The Federal Minister for Food Security said that Saudi Arabia has also shown interest in buying camel milk powder from Pakistan.
Federal Minister for Food Security Rana Tanveer Hussain met with Qatari Ambassador Ali bin Mubarak Al Khater in Islamabad. During the meeting, discussions were held on increasing cooperation between Pakistan and Qatar in the agricultural sector.
On this occasion, Federal Minister for Food Security Rana Tanveer Hussain said that relations between Pakistan and Qatar are based on brotherhood, respect, and trust. He said that Pakistan has a great capacity to supply halal meat, fruits, vegetables, rice, and fodder.
According to the statement, a proposal was made in the meeting to form a joint working group for cooperation in the agricultural sector. Qatari Ambassador Ali bin Mubarak Al-Khater appreciated Pakistan’s agricultural potential and trained workforce and said that Qatar’s Minister of Commerce will visit Pakistan soon.
