Second US crude oil cargo arrives

The second US crude cargo has landed in Pakistan, opening a new area of cooperation between Pakistan and the United States (US). Pakistan has traditionally imported oil from the Middle East, with Saudi Arabia being the largest crude oil exporter to the country. The arrival of the second US crude oil cargo at Cnergyico's Single Point Mooring (SPM) marks another milestone in Pakistan's energy and industrial journey. Commissioned in 2012 with an investment of $120 million, the SPM was an ambitious project that initially faced scepticism from many industry observers, particularly within the public sector. Since its commissioning, over 150 million barrels of crude oil have been imported through Cnergyico's SPM. It remains Pakistan's only facility capable of receiving large vessels such as Suezmax and VLCC tankers.