Pakistan US Crude Oil Deal: Pakistan Receives First-Ever Shipment of US Crude Oil

Historic Energy Milestone for Pakistan

Pakistan marked a significant milestone in its energy and trade history on Wednesday with the arrival of its first-ever shipment of US crude oil, carrying one million barrels. The development comes nearly three months after Pakistan and the United States signed a landmark trade agreement aimed at strengthening bilateral economic cooperation.

The oil shipment arrived aboard MT Pegasus, a massive vessel that departed from Houston, Texas, on September 14. After completing its transoceanic voyage, the ship docked at Cnergyico’s Single Point Mooring (SPM) facility located in Hub, Balochistan — setting a record as the largest oil tanker ever to dock at a Pakistani port.

This import of West Texas Intermediate (WTI) crude marks a new chapter in Pakistan’s energy diversification strategy, highlighting efforts to build stronger trade and energy ties with the United States.

Cnergyico Leads Historic Import

The historic shipment was imported by Cnergyico, one of Pakistan’s leading energy companies, under the new Pakistan-US trade agreement finalized earlier this year. Company officials confirmed that the successful delivery of MT Pegasus will be followed by additional shipments in the near future.

A second cargo of US crude oil is expected to arrive by mid-November, while a third shipment has already been planned for 2026. The continuation of these imports signals a long-term energy partnership between the two nations, with potential benefits for Pakistan’s refining capacity, energy stability, and maritime trade infrastructure.

Industry experts have hailed the development as a positive shift toward diversifying Pakistan’s energy imports, traditionally dominated by Middle Eastern suppliers.

Strengthening Pakistan-US Trade Relations

The oil shipment follows the July 31, 2025, trade agreement between Pakistan and the United States, which was designed to deepen economic cooperation and open new trade avenues.

US President Donald Trump announced the agreement on his Truth Social account, describing it as a “Deal with the Country of Pakistan” that would help both nations collaborate in developing Pakistan’s vast oil reserves.

“We are in the process of choosing the oil company that will lead this partnership,” Trump had stated, emphasizing the significance of this new phase of bilateral engagement.

According to Pakistan’s Ministry of Finance, the trade agreement aims to boost trade volume, improve market access, and attract investment in multiple sectors.

“The two sides will focus on energy, minerals, information technology, cryptocurrency, and other key areas,” the official statement said. It further highlighted that the agreement includes a reduction in tariffs, particularly benefiting Pakistani exports to the United States, and paves the way for a fresh start in economic cooperation between Islamabad and Washington.

Economic and Strategic Implications

The arrival of MT Pegasus represents not just an energy transaction but also a strategic realignment in Pakistan’s trade and foreign policy. The collaboration signifies a stronger US presence in Pakistan’s energy market and could help reduce the nation’s dependence on traditional oil suppliers.

Moreover, this milestone reinforces Pakistan’s intent to modernize its energy infrastructure and embrace global partnerships that enhance economic resilience. For the US, it opens a new market for its crude exports in South Asia, signaling mutual benefits in an evolving global energy landscape.