Pakistan’s Cnergyico Receives 1st Shipment of US Crude Oil
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KARACHI: Pakistan’s largest oil refinery Cnergyico Limited Wednesday received its first-ever shipment of crude oil from the United States (US), marking a milestone in the country’s energy import diversification efforts.
The first US oil tanker MT Pegasus is set to berth today at Synergico Oil Company’s offshore terminal in Balochistan, the company sources said. The vessel is carrying around one million barrels of West Texas Intermediate (WTI) crude oil, making it the first American oil carrier to dock at a Pakistani port.
According to industry officials, the MT Pegasus departed from Houston, Texas, on September 14 and arrived at Pakistani waters this week after completing its transoceanic voyage.
The cargo has been imported by Synergyico Oil Company as part of its plan to expand crude sourcing from global markets. The development signals growing trade cooperation between Pakistan and the United States in the energy sector.
Analysts say the arrival of U.S. crude could help Pakistan reduce reliance on traditional suppliers and explore competitive pricing options amid fluctuating global oil markets.
The successful berthing and offloading of MT Pegasus will pave the way for future shipments, further strengthening Pakistan’s crude oil import portfolio.
The Pakistani refiner has placed an order for a second shipment of U.S. crude oil, scheduled to arrive in November, after deeming its initial purchase commercially successful.
The development comes under a new trade arrangement between Pakistan and the United States that facilitates American energy imports in return for reduced tariffs on Pakistani exports.
The landmark trade agreement, signed in August, has opened the door for broader energy cooperation between the two countries. The deal aligns with U.S. President Donald Trump’s initiative to encourage trading partners to increase imports of American oil and gas under mutually beneficial terms.
Until now, Pakistan has relied almost entirely on crude supplies from Middle Eastern producers. However, the successful arrival of the first U.S. cargo has prompted Cnergyico — which operates the country’s only single-point mooring terminal capable of accommodating large crude carriers — to consider further imports from the U.S.
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