Pakistan Plans To Open New Gateway For Foreign Oil Suppliers

Pakistan Oil Import Policy Opens Door for Foreign Suppliers – Pashto News and Current Affairs Channel

Pakistan has decided to roll out a fresh policy framework governing oil imports, aimed at giving international suppliers greater access to the country’s petroleum market. Under the new arrangement, foreign companies will be able to bring petroleum products into Pakistan, hold them in customs bounded storage facilities, and then either sell them to local refineries and oil marketing companies or re-export them elsewhere. The move is designed to d…

Pakistan Plans To Open New Gateway For Foreign Oil Suppliers

A view of the Russian oil cargo Pure Point, carrying crude oil, is seen anchored at the port in Karachi, June 11, 2023. — Reuters Proposed policy allows foreign firms to store fuel locally. Suppliers can sell domestically or re-export petroleum stocks. Proposal aims to boost energy security and supply resilience. ISLAMABAD: Pakistan is set to open its petroleum storage sector to international oil suppliers through a customs-bonded framework tha…