KARACHI: Pakistan’s largest oil refiner 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 first-ever 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.­

Published in Dawn, September 25th, 2025

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Some progress
Updated 24 May, 2026

Some progress

Pakistan deserves credit for helping preserve diplomatic space, but also must avoid appearing aligned with coercive pressure from any side.
Chinese market
24 May, 2026

Chinese market

PRIME Minister Shehbaz Sharif’s trip to China presents an opportunity to rebalance Pakistan’s economic...
Harvesting humans
24 May, 2026

Harvesting humans

ORGAN brokers have for too long preyed on desperation to rake it in. The odious trade — among the most harmful...
More stabilisation
Updated 23 May, 2026

More stabilisation

The stabilisation achieved through painful growth compression steps could have been used as a platform for structural reforms.
Appalling tactics
23 May, 2026

Appalling tactics

IN Punjab, an encounter with the law can quickly turn deadly. Encouraged by a culture of ‘shoot first, ask...
Failed experiment
23 May, 2026

Failed experiment

IT is going from bad to worse for Shan Masood and Pakistan. It is now seven successive Test defeats away from home;...