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Cnergyico orders second US oil cargo

2025-09-25
KARACHI: Pakistan`slargest oilrefiner Cnergyico has ordered a second shipment of US crude after finding its debut purchase commercially viable, its vice chairman said on Wednesday, paving the way for more imports.

Vitol will deliver a 1 million-barrel cargo of West Texas Light (WTL) crude in November under Cnergyico`s term supply arrangement with the European trader, Vice Chairman Usama Qureshi said.

`This is our second cargo, our trading team evaluated various crude for November and found WTL`s gross refining margin to be slightly better than (Gulf) crude,` Qureshi said.

`If economics remain favourable, we intend to keep importing.` The decision comes weeks after the firstever US crude cargo for Pakistan set sail from Houston on the Suezmax tanker Pegasus, chartered by Vitol, ship-tracking data from Kpler showed. The ship is due to dock in Karachi in late October.-Reuters