Pakistan Oil Storage Plan Advances with Saudi Support

Pakistan is moving forward with the Pakistan oil storage plan to improve fuel security. The government is considering a joint venture with Saudi Arabia. This step aims to reduce risks during conflicts and supply disruptions. As a result, officials want to secure stable fuel access for everyone.

Pakistan’s Strategic Fuel Reserves

Pakistan currently stores oil for only 20 to 30 days. However, experts say this level is too low for emergencies. Therefore, the government has started reviewing new storage options. Officials believe strategic reserves can prevent shortages during crises.
In addition, earlier offers from the UAE and Azerbaijan did not succeed. Delays slowed progress and stopped key projects. For example, a proposed oil city never developed further. However, leaders now want to avoid past mistakes and act faster.
Meanwhile, Gwadar has emerged as a strong location for storage. The port offers access to regional trade routes. Moreover, it can support energy supply chains during disruptions. If routes like the Strait of Hormuz close, Gwadar can help manage flows. As a result, experts see it as a valuable asset.

Saudi Role and Future Plans

Saudi Arabia can play a key role in this effort. The country had earlier planned a $10 billion refinery in Gwadar. Now, officials are discussing reviving that project. In addition, strong relations between both countries support this plan.
Experts also suggest working again with Azerbaijan. For instance, SOCAR has already invested in pipeline projects. Therefore, future partnerships can expand storage capacity.
At the same time, Pakistan is exploring gas storage solutions. The country faced LNG shortages during recent tensions. As a result, experts recommend using depleted wells for storage. Overall, this plan can strengthen long-term energy security.