KARACHI; Pakistan’s energy sector achieved a major milestone on Wednesday as it received its first-ever shipment of crude oil from the United States, nearly three months after Islamabad and Washington signed a landmark trade agreement.
Carrying one million barrels of West Texas Intermediate (WTI) crude, the ship MT Pegasus departed from Houston, Texas, on September 14 and successfully arrived at Cnergyico’s Single Point Mooring (SPM) facility in Hub, Balochistan. It is the largest oil tanker ever to dock at a Pakistani port.
Cnergyico completed the import under the recently signed Pakistan-US trade agreement, which aims to strengthen economic cooperation between the two countries. Following the successful delivery, the company announced that another shipment of US crude oil is expected to arrive by mid-November, with a third consignment scheduled for 2026.
The arrival of MT Pegasus not only sets a record in Pakistan’s maritime and energy history but also marks the beginning of a new era in trade relations between Islamabad and Washington.
Pakistan and the US had finalized the agreement on July 31, 2025, to enhance bilateral trade and investment opportunities. The announcement was made by US President Donald Trump on his Truth Social account, where he wrote: “We have just concluded a deal with Pakistan to work together on developing their massive oil reserves. We are in the process of choosing the oil company that will lead this partnership.”
According to Pakistan’s Ministry of Finance, the agreement focuses on improving market access, attracting investment, and expanding cooperation in areas such as energy, minerals, information technology, and cryptocurrency. It also includes tariff reductions, particularly on Pakistani exports to the US, to create a fresh start in bilateral economic relations.
