[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 9 sources · 13 days · First seen · Last updated

Pakistan energy security and crude supply diversification

Overview

Following reports of maritime attacks in the Strait of Hormuz involving projectiles striking tankers, the Pakistani government directed domestic refineries to secure crude oil stocks in a timely manner. This directive came amid rising import costs and increased crude oil volumes during the July-August period.

To mitigate risks associated with major maritime routes like the Strait of Hormuz and the Bab el-Mandeb strait, Pakistan has begun exploring the importation of Libyan crude oil. During the 17th International Energy Forum, Pakistani Petroleum Minister Ali Pervaiz Malik and Libyan Oil and Gas Minister Khalifa Rajab Abdulsadek discussed bilateral cooperation. The initiative aims to diversify energy sources via Mediterranean exports and includes potential cooperation on refinery modernization and infrastructure upgrades.

Entities

Ali Pervaiz Malik · Pakistan · Oil and Gas Regulatory Authority · Cnergyico Pk Limited · Pakistan Bureau of Statistics

Timeline

  1. [BUSINESS] 7 sources
    Pakistan explores Libyan crude oil imports to diversify energy supplies

    Pakistan is considering importing Libyan crude oil to diversify its energy supply and avoid maritime disruptions in the Strait of Hormuz and Bab el-Mandeb.

  2. [BUSINESS] 3 sources
    Pakistan directs refineries to secure crude stocks amid Gulf supply concerns

    Pakistan has directed refineries to secure timely crude oil orders following maritime disruptions in the Strait of Hormuz and a significant surge in national crude import volumes.

Sources

afrikactus.com · arabnews.pk · arynews.tv · en.dailypakistan.com.pk · energyupdate.com.pk · libyareview.com · supernews.pk · theneutral.pk · tradechronicle.com