For the first time, Pakistan is thinking about buying crude oil from the United States. This move is part of a plan to create a more balanced trade relationship and build stronger energy ties between the two countries. It comes just before a scheduled visit by a Pakistani trade team to Washington for important discussions.
According to a refinery official, Pakistan might consider importing up to $1 billion worth of American crude oil. This amount is similar to what the country already spends on oil and refined products from other sources. By exploring this option, Pakistan hopes to reduce its reliance on a few energy suppliers and create more secure and varied sources of fuel.
If the deal goes through, it could mark a new chapter in US-Pakistan economic cooperation. Importing oil from the US could also improve the quality and pricing options for Pakistan’s energy sector. For the United States, it would open up a new market for its energy exports and help balance trade with Pakistan.
This idea is still under consideration, and final decisions will likely depend on the outcome of the upcoming trade talks. However, experts believe this is a positive step that could help Pakistan expand its energy partnerships and support long-term energy security.
The potential deal also fits with Pakistan’s broader goals of finding new trade opportunities and creating stronger ties with global partners. If successful, it may also lead to more agreements in other sectors like agriculture, technology, and services.
