Pakistan Taps Gulf for Emergency Oil Supplies Amid Global Disruptions

Pakistan is taking steps to strengthen its energy security in the face of global supply disruptions. The country imports around 90% of its energy requirements, but domestic oil production only meets about 14% of demand.

To address this vulnerability, Pakistan has proposed a Gulf oil storage scheme with Saudi Arabia, Kuwait, and Qatar. Under this plan, these countries would store crude oil and petroleum products on Pakistani territory at their own cost.

Petroleum Minister Ali Pervaiz Malik explained that the stored oil could be supplied to international markets from Pakistan, while Islamabad would have the right to purchase the reserves during a conflict to meet domestic needs.