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Government plans strategic oil storage facilities

Summary by The Express Tribune
The government is considering a plan to build strategic oil storage facilities through a joint venture with Saudi Arabia, aimed at strengthening fuel security and preventing shortages in future war-like scenarios amid rising geopolitical tensions, including the ongoing Iran–US conflict. Pakistan is the only country in the region without strategic oil reserves, while the United Arab Emirates (UAE) has already developed such storage facilities in …

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The Express TribuneThe Express Tribune
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Government plans strategic oil storage facilities

The government is considering a plan to build strategic oil storage facilities through a joint venture with Saudi Arabia, aimed at strengthening fuel security and preventing shortages in future war-like scenarios amid rising geopolitical tensions, including the ongoing Iran–US conflict. Pakistan is the only country in the region without strategic oil reserves, while the United Arab Emirates (UAE) has already developed such storage facilities in …

·Pakistan
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The Express Tribune broke the news in Pakistan on Saturday, May 2, 2026.
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