KARACHI: Pakistan’s energy sector is marking a historic day as the first and largest-ever US crude oil shipment has arrived in the country, kicking off imports under a new Pak-US trade agreement.
The massive tanker, MT Pegasus, is carrying 1 million barrels of West Texas Intermediate (WTI) crude oil and is set to berth today at a terminal operated by the private company, Cnergyico. This vessel is the largest American oil tanker to ever call at a Pakistani port.
The ship, which departed from Houston on September 14, is being received at Cnergyico’s oil terminal in Balochistan.
With this landmark import, Cnergyico has become the first Pakistani company to import crude oil from the United States. This shipment is seen as the beginning of a new era in bilateral trade relations. The company plans to bring in a second cargo in mid-November and a third in 2026.
