Nearly three months after Islamabad and Washington signed the trade deal, Pakistan’s energy sector received its first-ever supply of U.S. crude oil on Wednesday, totaling one million barrels.
The vessel departed from Houston, Texas on September 14 and arrived at Cnergyico’s Single Point Mooring (SPM) facility in Hub, Balochistan after completing its transoceanic voyage.
Carrying one million barrels of West Texas Intermediate (WTI) crude, the MT Pegasus is the largest tanker ever to dock in a Pakistani port.
Cnergyico made this historic import as part of the new Pakistan-US trade agreement aimed at strengthening bilateral economic cooperation.
Following this successful delivery, Cnergyico announced that a second shipment of US crude oil is expected to arrive in mid-November, with a third shipment planned for 2026.
The arrival of MT Pegasus not only marks a new chapter in Pakistan-US trade relations but also sets a record in Pakistan’s maritime and energy history as the largest crude oil vessel ever received by a Pakistani port.
It is worth noting here that Pakistan and the United States finalized the trade agreement on July 31, 2025 to deepen economic ties between Islamabad and Washington.
This development was shared by US President Donald Trump himself on his Truth Social account.
“We have just reached an agreement with Pakistan, whereby Pakistan and the United States will work together to develop their enormous oil reserves,” Trump wrote on July 31 of this year.
“We are in the process of choosing the oil company that will lead this partnership.”
According to the Ministry of Finance, the objective of the agreement is to boost bilateral trade, improve market access, attract investments and strengthen cooperation in areas of mutual interest.
“Under the agreement, there will be a reduction in customs duties, particularly on Pakistani exports to the United States, and a new beginning in economic cooperation between the two countries,” read the official statement from the Ministry of Finance.
“Both parties will focus on energy, minerals, information technology, cryptocurrencies and other key areas,” the statement added.
