Pakistan Secures Crude Oil Reserves, Alternative Supplies
3 days ago
At a glance
- Pakistan holds 11-12 days of local crude oil reserves.
- Over a month's worth of crude oil secured from alternative sources.
- Federal Minister Ali Pervaiz Malik confirmed these arrangements.
Story so far
Pakistan has implemented strategic measures to ensure its crude oil and gas supplies, maintaining 11 to 12 days of local crude oil reserves. The country has also secured over a month's worth of crude oil from sources outside the critical Hormuz and Bab-el-Mandeb straits, with contingency plans for supplies from West African nations and the United States. These efforts were initiated by the Prime Minister approximately a month ago.
Latest development
Federal Minister for Petroleum Ali Pervaiz Malik confirmed that Pakistan has crude oil reserves for 12 days and has arranged alternative supply sources.
Latest updates
Federal Minister for Petroleum Ali Pervaiz Malik has stated that Pakistan currently holds crude oil reserves sufficient for 12 days and has arranged alternative supply sources.
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