Pakistan’s Cnergyico orders second US oil cargo, eyes more

An oil pumpjack is seen in a field on April 09, 2025 in Close City, Texas. US. (AFP/File)
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Updated 24 September 2025
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Pakistan’s Cnergyico orders second US oil cargo, eyes more

  • Pakistan signed a trade deal with Washington in August allowing US energy imports in exchange for lower tariffs
  • Cnergyico plans to expand with a second offshore terminal and long-term upgrades as it bets on rising fuel demand

KARACHI/SINGAPORE: Pakistan’s largest oil refiner Cnergyico has ordered a second shipment of US crude after finding its debut purchase commercially viable, its vice chairman said on Wednesday, paving the way for more imports.

Vitol will deliver a 1 million-barrel cargo of West Texas Light (WTL) crude in November under Cnergyico’s term supply arrangement with the European trader, Vice Chairman Usama Qureshi said.

“This is our second cargo, our trading team evaluated various crude for November and found WTL’s gross refining margin to be slightly better than (Gulf) crude,” Qureshi said.

“If economics remain favorable, we intend to keep importing.”

The decision comes weeks after the first-ever US crude cargo for Pakistan set sail from Houston on the Suezmax tanker Pegasus, chartered by Vitol, ship-tracking data from Kpler showed. The ship is due to dock in Karachi in late October.

Pakistan signed a landmark trade deal with Washington in August that paved the way for US energy imports in exchange for lower tariffs on Pakistani exports.

President Donald Trump has pushed foreign partners to boost US oil purchases under such agreements.

The country has until now sourced almost all its crude from Middle Eastern suppliers.

Cnergyico, which operates Pakistan’s only single-point mooring terminal capable of handling large tankers, is considering more US purchases of at least 1 million barrels if market conditions stay supportive, Qureshi said.

However, a rise in shipping costs and higher spot premiums for West Texas Intermediate crude, a benchmark US crude stream, have threatened to shut the arbitrage for November-loading US crude cargoes to Asia.

Cnergyico also plans to expand capacity with a second offshore terminal and long-term upgrades, Qureshi said, betting on a rise in domestic fuel demand.


Pakistan destroyed seven TTP camps in Afghanistan strikes, 80 militants killed — official

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Pakistan destroyed seven TTP camps in Afghanistan strikes, 80 militants killed — official

  • Saturday’s airstrikes followed a series of attacks inside Pakistan amid a surge in militancy
  • The Afghan Taliban authorities accuse Pakistani forces of killing civilians in the airstrikes

ISLAMABAD: Pakistan’s airstrikes in Afghanistan destroyed seven Tehreek-e-Taliban Pakistan (TTP) camps and killed over 80 militants, a Pakistani security official said on Sunday, with the Afghan Taliban accusing Pakistani forces of killing civilians in the assault.

Saturday’s airstrikes followed a series of attacks inside Pakistan amid a surge in militancy. Authorities say the attacks, particularly in Khyber Pakhtunkhwa province and the Pakistani capital of Islamabad, were carried out by the TTP and allied groups that Islamabad alleges are operating from sanctuaries in Afghanistan. Kabul denies this.

According to Pakistan’s information ministry, recent incidents included a suicide bombing at a Shiite mosque in Islamabad, separate attacks in Bajaur and Bannu, and another recent incident in Bannu during the holy month of Ramadan, which started earlier this week. The government said it had “conclusive evidence” linking the attacks to militants directed by leadership based in Afghanistan.

“Last night, Pakistan’s intelligence-based air strikes destroyed seven centers of Fitna Al-Khawarij TTP in three provinces of Nangarhar, Paktika and Khost, in which more than eighty Khawarij (TTP militants) have been confirmed killed, while more are expected,” a Pakistani security official, who spoke on condition of anonymity, told Arab News.

An earlier statement from Pakistan’s information ministry said the targets included a camp of a Daesh regional affiliate, the Islamic State Khorasan Province (ISKP), which claimed a suicide bombing at an Islamabad Shiite mosque that killed 32 people this month.

In an X post, Afghan government spokesperson Zabihullah Mujahid said Pakistani forces had violated Afghan territory.

“Pakistani special military circles have once again trespassed into Afghan territory,” Mujahid said. “Last night, they bombed our civilian compatriots in Nangarhar and Paktika provinces, martyring and wounding dozens of people, including women and children.”
 
The Afghan Taliban’s claims of civilian casualties could not be independently verified. Pakistan did not immediately comment on the allegation that civilians had been killed in the strikes.

In a post on X, Afghanistan’s foreign ministry said it had summoned Pakistan’s charge d’affaires to Afghanistan Ubaid-ur-Rehman Nizamani and lodged protest through a formal démarche in response to the Pakistani military strikes.

“IEA-MoFA (The Islamic Emirate of Afghanistan’s Ministry of Foreign Affairs) vehemently condemns the violation of Afghanistan’s airspace and the targeting of civilians, describing it as a flagrant breach of Afghanistan’s territorial integrity & a provocative action,” it said in a statement.

“The Pakistani side was also categorically informed that safeguarding Afghanistan’s territorial integrity is the religious responsibility of the Islamic Emirate of Afghanistan; henceforth, the responsibility for any adverse consequences of such actions will rest with the opposing side.”

Tensions between Islamabad and Kabul have escalated since the Afghan Taliban returned to power in 2021. Pakistan says cross-border militant attacks have increased since then and has accused the Taliban of failing to honor commitments under the 2020 Doha Agreement to prevent Afghan soil from being used for attacks against other countries. The Taliban deny allowing such activity and have previously rejected similar accusations.

Saturday’s exchange of accusations marks one of the most direct confrontations between the two neighbors in recent months and risks further straining already fragile ties along the volatile border.