US EditionPakistan to Receive First US Oil Shipment as Cnergyico Signs Import Deal
PAKISTAN, AUG 01 – Cnergyico plans to import 1 million barrels of US West Texas Intermediate crude oil in October as part of a new trade deal aiming to diversify Pakistan's energy sources.
- On October 1, 2025, Cnergyico Pk Ltd will import one million barrels of U.S. WTI light crude from Vitol, marking Pakistan’s first U.S. crude cargo, following a trade deal.
- Earlier this week, Pakistan and the United States signed a trade and energy cooperation deal after President Donald Trump threatened 29% tariffs in April.
- The West Texas Intermediate light crude cargo will load from Houston later this month and is expected to arrive at Karachi’s port during the second half of October.
- The import deal will help Pakistan diversify its crude sourcing and reduce reliance on Middle Eastern suppliers, Qureshi added.
- Looking ahead, Cnergyico plans to install a second offshore terminal and upgrade its refinery over five to six years to support larger shipments and potential monthly imports, Qureshi said.
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Oil is Pakistan's biggest import and its exports were worth $11.3 billion in the year ended June 30, 2025, accounting for nearly a fifth of the country's total import bill.
Pakistan Buys First U.S. Oil Cargo After Trade Deal
Pakistani refiner Cnergyico will import Pakistan’s first U.S. crude oil cargo in October following the trade and energy cooperation deal the two countries signed earlier this week. Cnergyico will import on October 1 million barrels of American crude via top commodity trader Vitol, Usama Qureshi, vice chairman of the biggest refiner in oil-import-dependent Pakistan, told Reuters on Friday. The cargo of West Texas Intermediate (WTI) crude is set t…
Pakistan to receive first US oil shipment as Cnergyico signs import deal
Pakistan's largest refiner Cnergyico will import 1 million barrels of oil from Vitol in October, its Vice Chairman Usama Qureshi told Reuters on Friday, marking the country's first-ever purchase of US crude following a landmark trade deal. The West Texas Intermediate light crude cargo will be loaded from Houston this month and is expected to arrive in Karachi in the second half of October, Qureshi said. "This is a test spot cargo under our umbre…
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