Pakistan shifts to Omani oil for supply
The Pakistani Cabinet Committee approved a new agreement to purchase petroleum products from Oman, as part of a bilateral cooperation to strengthen energy supplies in Pakistan—especially following the closing of the Strait of Hormuz and regional tensions. This move comes after Pakistan began importing gasoline from Oman in March and switched to long-term imports in July. Additionally, Pakistan's Minister of Petroleum reiterated his country's desire to diversify its energy sources and enhance relations with Oman, while Oman recorded a 13% increase in oil revenues and a 32% rise in gas revenues, with gas revenues increasing by 48%, reflecting significant growth in the energy sector.
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