Pakistan has secured an alternative oil supply route through a major private sector deal with the United States. The move is expected to reduce dependence on traditional Middle Eastern routes and ease pressure on the trade deficit.
Cnergyico Pakistan has signed a deal to import six million barrels of US West Texas Intermediate crude. The total value of the agreement is around 430 million dollars.
This is one of the largest private crude oil import deals between Pakistan and the US. It reflects a shift toward diversified energy sourcing amid global uncertainty.
Three million barrels from the deal have already been processed at Cnergyico’s refinery. The remaining shipments are scheduled to arrive in the coming months to ensure steady supply.
The transaction was completed on a purely commercial basis. No government guarantees or public financing were involved, reducing pressure on state finances.
Energy experts say the deal strengthens Pakistan’s energy security. Importing oil from the US lowers reliance on the Strait of Hormuz, a key but sensitive global oil route.
The deal was supported by Pakistan’s Single Buoy Mooring facility. This system allows large oil tankers to unload crude offshore and transport it directly to refineries.
Analysts describe the facility as a strategic national asset. It enables Pakistan to source oil from distant markets like the US and Africa at lower cost.
Cnergyico officials say the initiative supports national economic goals. They believe diversified oil imports can help cushion the economy against external shocks.
The company has also expanded its export-related operations. These include fuel exports and bunkering services for international shipping lines.
Experts say such private sector initiatives highlight the importance of resilient infrastructure. They also show how commercial decisions can support Pakistan’s energy and economic stability.
