Pakistan’s first US crude shipment to dock today as imports diversify from Middle East

In this file photo, taken on September 19, 2023, oil tankers are seen parked in Karachi, Pakistan. (REUTERS/File)
Short Url
Updated 29 October 2025
Follow

Pakistan’s first US crude shipment to dock today as imports diversify from Middle East

  • MT Pegasus carrying 1 million barrels of US WTI crude due to arrive at Cnergyico’s offshore port in Balochistan
  • Landmark shipment marks Pakistan’s first crude import from the United States amid drive to diversify energy supplies

KARACHI: Pakistan’s first-ever cargo of United States crude oil is set to dock on Wednesday at Cnergyico Pk Ltd’s offshore terminal near Balochistan, the company said, calling it a historic step in diversifying the nation’s energy imports and expanding trade with Washington.

The Suezmax-class vessel MT Pegasus, carrying 1 million barrels of West Texas Intermediate (WTI) crude, was loaded in Houston on September 14 and is expected to berth later today, Wednesday, at Cnergyico’s Single Point Mooring (SPM) facility. It will be the largest crude oil tanker ever to dock at a Pakistani port, according to the company.

Cnergyico said the shipment follows a bilateral trade deal between Islamabad and Washington that allows direct energy imports from the US. The cargo represents Pakistan’s first crude purchase outside the Middle East, which currently supplies over 90 percent of its oil, and signals a shift toward a broader energy partnership with the United States.

“This is a historic day for Pakistan’s energy sector,” Cnergyico said in a statement, adding that the arrival of MT Pegasus “marks the beginning of a new era in Pakistan-US trade relations.”

The Karachi-based refiner, Pakistan’s largest with a capacity of about 156,000 barrels per day, operates the country’s only offshore mooring system capable of handling large oil tankers. Cnergyico said it plans to import a second US cargo in mid-November and a third in early 2026 as part of its long-term strategy to diversify supply sources.

Industry observers say the use of lighter, low-sulfur US WTI crude could help improve refining margins and reduce reliance on heavier Middle Eastern grades, giving Pakistan more flexibility against global supply disruptions.

Cnergyico previously set a national record in FY 2017 when it handled the then-largest crude vessel at its SPM. The company said today’s scheduled docking of MT Pegasus will break that record, underscoring its role in modernizing Pakistan’s refining and logistics infrastructure.

“We are proud to lead Pakistan’s energy sector into a new era by successfully handling the country’s largest-ever crude oil vessel,” the company said.


Pakistan, Qatar resolve to boost strategic, economic cooperation at Doha talks

Updated 25 sec ago
Follow

Pakistan, Qatar resolve to boost strategic, economic cooperation at Doha talks

  • Both countries urge dialogue on Afghanistan amid renewed border tensions between Islamabad and Kabul
  • Discussions focus on bilateral trade and investment, energy, defense, manpower and labor and culture

ISLAMABAD: Pakistan and Qatar on Tuesday agreed to deepen their strategic and economic cooperation during high-level talks between Prime Minister Shehbaz Sharif and his Qatari counterpart Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Sharif’s office said.

Sharif visited Qatar along with a high-level delegation on the invitation of Qatari emir Sheikh Tamim bin Hamad Al Thani. The Pakistan premier also held meetings with Qatar’s trade and defense minister to discuss cooperation in various domains.

The visit came at a time when Pakistan is seeking closer economic engagement with Gulf partners amid its broader push to stabilize the economy and attract investment, while maintaining security and defense cooperation with key regional states.

During their meeting in Doha, PM Sharif and Qatar’s Sheikh Mohammed discussed bilateral relations and exchanged views on regional and international developments, according to the Pakistan prime minister’s office.

“They reaffirmed the strong brotherly relations between Pakistan and Qatar and expressed satisfaction at the growing momentum in political, economic and institutional ties,” Sharif’s office said.

“Discussions focused on enhancing cooperation in the fields of trade and investment, energy, defense, manpower and labor and culture, with both sides stressing the importance of their task force to accelerate cooperation in all these areas.”

Pakistan and Qatar maintain strong trade and investment ties. In 2022, the office of Qatar’s emir said the Qatar Investment Authority planned to invest $3 billion in Pakistan, targeting sectors including transport, aviation, education, health, media, technology and labor.

Nearly 300,000 Pakistanis live and work in Qatar, according to Pakistan’s foreign office, with many employed in health, education, engineering and public services, as well as construction and transport. The two countries engage through forums such as the Bilateral Political Consultations and the Joint Ministerial Commission.

Sharif said he had productive discussions with Qatar’s emir Sheikh Tamim bin Hamad Al Thani on how the two sides could transform their brotherly ties into mutually beneficial economic relationships. 

“We also took stock of the regional situation,” he said. “Pakistan and Qatar will continue to work together for peace and stability in the region and beyond.”

Prime Minister Shehbaz Sharif (second right) meets the Qatari Emir Qatar’s emir Sheikh Tamim bin Hamad Al Thani (left) in Doha, Qatar, on February 24, 2026. (PID)

DIALOGUE WITH AFGHANISTAN

Earlier, Sharif and Qatar’s Deputy PM Sheikh Saoud Al-Thani discussed the situation in Afghanistan and called for dialogue to support regional stability.

The meeting took place amid renewed tensions after Islamabad carried out airstrikes last week on what it described as Tehreek-e-Taliban Pakistan (TTP) targets inside Afghanistan. Kabul said the strikes killed civilians and vowed to respond to what it called a violation of its sovereignty.

“Regional developments were also discussed, in particular the situation in Iran and Afghanistan,” Sharif’s office said in a statement. “Both sides emphasized the importance of dialogue, de-escalation and collective efforts to promote peace and stability in the region.”

This was the second time in less than six months that Pakistan conducted airstrikes in Afghanistan. The last strikes triggered heavy, weeklong clashes between the neighbors along their border before Qatar and Turkiye mediated a ceasefire between them in Oct. last year.

Separately, Sharif held meetings with Qatar’s State Minister for Trade Dr. Ahmed bin Mohammed Al-Sayed and a delegation of the Qatar Businessmen Association (QBA), highlighting Pakistan’s investment-friendly reforms.

He invited QBA members to explore opportunities in infrastructure, logistics, energy, agriculture, technology and export-oriented manufacturing, his office said.