Pakistan Refinery Ltd Set to Import First-Ever Nigerian Bonny Light Crude
Pakistan Refinery Limited (PRL) is making a significant move in the energy sector by importing its first-ever cargo of Nigerian Bonny Light crude oil. According to a report by Reuters, the deal has been finalized with global energy trader Vitol, marking a new chapter in Pakistan’s crude sourcing strategy.
The shipment, which consists of 500,000 barrels of light-sweet crude, is scheduled to load later this month and is expected to arrive at the port city of Karachi by late September.
Why Bonny Light Crude Matters
Bonny Light is known globally for its high yields of gasoline and diesel, making it one of the most sought-after grades in the international market. Its lower sulfur content also makes it more environmentally friendly and easier to refine.
This is the first known purchase of Bonny Light by Pakistan, signaling a shift towards more diverse and efficient crude oil sources.
Changing Global Oil Dynamics
With the rising prices of Middle Eastern oil, many Asian countries — including Pakistan — have started exploring new options. Alternatives like U.S. West Texas Intermediate (WTI) and Kazakh CPC Blend have gained popularity due to competitive pricing and supply reliability.
Pakistan’s move aligns with this trend, indicating a strategic pivot in response to global market pressures.
A Return to Nigerian Crude After a Decade
While this is the first Bonny Light deal, it’s not Pakistan’s first foray into Nigerian crude. The last recorded import of Nigerian oil was back in 2014, when Pakistan purchased Yoho crude, according to data from Kpler, a leading commodities analytics firm.
What This Means for Pakistan’s Energy Sector
This landmark deal could open doors to more diversified crude sourcing, reduce dependence on a single region, and potentially lead to cost savings for refineries and consumers alike. For PRL, this is a step toward modernization and resilience in an ever-changing global energy landscape.
