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Articles for tag: Cnergyico, energy security, Exim bank, Hormuz, refining, trade tariffs, US crude, Vitol

August 1, 2025

News Desk

Pakistan to receive the first American oil transfer as CNERGYICO signs an admission agreement

Listen to the article Pakistan’s largest shelf, Cnergyico, will import 1 million barrels of oil from Vitol in October, USAMA Vice President of USA Qureshi told Reuters on Friday, noting the first market for US crude after a land trade agreement. The West Texas intermediate load will be loaded by Houston this month and is expected to arrive in Karachi in the second half of October, Qureshi said. “This is a test load under the umbrella agreement with Vitol. If it is commercially viable and available, we could enter at least one load per month,” he said, adding that the

Negotiations with IPPs are fair and transparent, says Awais Leghari

ISLAMABAD: Federal Minister for Power Sardar Awais Leghari attended a detailed session with Power Sector International Development Partners on power sector reforms and their future direction. The development partners were led by World Bank Country Director Mr. Najy Benhassine, included representatives from the IMF, ADB, IFC, KFW, German Embassy, FCOD, UNDP, and AIIB. The federal Minister Awais Leghari briefed participants on the reforms implemented by the power division to improve efficiency and discipline. The minister highlighted efforts to make electricity prices more competitive and affordable, particularly for industries. He assured that all negotiations with Independent Power Producers (IPPs) are conducted

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