Cnergyico to Import Pakistan’s First US Crude Oil Cargo in October 2025
Cnergyico (PSX: CNERGY) is set to make history by importing Pakistan’s first-ever crude oil shipment from the United States, according to a report by Reuters. The delivery is part of a term agreement with global energy trader Vitol.
🚢 Details of the Shipment
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The cargo will consist of 1 million barrels of West Texas Intermediate (WTI) crude oil
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Loading will take place in Houston this month
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The shipment is expected to arrive in Karachi during the second half of October 2025
If this initial delivery proves viable, monthly imports from the US could follow.
📊 Strategic Shift in Energy Sourcing
This development follows a recent US-Pakistan trade agreement, under which a 19% tariff was imposed on certain Pakistani exports. In response, Pakistan’s finance and petroleum ministries encouraged local refineries to diversify their sourcing and explore American crude options.
🏭 About Cnergyico
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Cnergyico operates Pakistan’s largest oil refinery, with a capacity of 156,000 barrels per day
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It also manages the country’s only single-point mooring (SPM) terminal, located near Karachi, which allows the handling of large oil tankers
The company confirmed that US WTI crude is compatible with its existing infrastructure and does not require blending, making it a convenient and efficient choice.
💡 Impact on Energy Sector
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The move aims to reduce Pakistan’s reliance on Middle Eastern oil suppliers, who currently account for a major share of the country’s $11.3 billion annual oil import bill
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Cnergyico also plans to develop a second offshore terminal and implement long-term upgrades to its refining facilities
Currently, the refinery has been operating at 30–35% capacity due to weaker domestic demand. However, the company expects higher utilization in the coming months as energy consumption gradually rebounds.
This milestone marks a new era in Pakistan’s oil import strategy, reflecting broader efforts to diversify energy sources and strengthen trade partnerships.
