Petroleum minister expresses gratitude to Kuwait for facilitating safe dispatch of vessel Khairpur
\n Islamabad
\nPakistan and Kuwait on Tuesday agreed to explore new opportunities around building strategic storage in Pakistan\u2019s petroleum and energy sectors, and enhance cooperation in refining for the mutual benefits of both nations.
\nThe development emerged during a meeting between Petroleum Minister Ali Pervaiz Malik and Kuwait\u2019s Ambassador to Pakistan Nassar Abdulrahman Jasser Almutairi, where they discussed regional developments and energy cooperation, read a statement issued by the Petroleum Division.
\nDuring the meeting, Malik and Ambassador Almutairi agreed to further strengthen bilateral relations and expand collaboration in areas of common interest.
\nThe petroleum minister expressed gratitude to the Kuwaiti government for its timely facilitation and support in ensuring the safe dispatch of the vessel Khairpur, which reached Pakistan carrying diesel supplies during a challenging period.
\nHe highlighted that the vessel transported approximately 45,000 tonnes of diesel and 10,000 tonnes of jet fuel from Kuwait to Pakistan under special approvals, following disruptions caused by the closure of the Strait of Hormuz.
\nMalik added that, with the concerted efforts of Chief of Army Staff (COAS) and Chief of Defence Forces (CDF) Field Marshal Syed Asim Munir and Prime Minister Shehbaz Sharif, the Khairpur vessel safely completed its journey and reached Pakistan, ensuring continuity in fuel supply and supporting national energy needs.
\nThe minister emphasised that Islamabad remained committed to peace and stability, saying that the repercussions of the ongoing conflict in the Middle East were \u201cbeing felt not only across the region but also beyond\u201d.
\nThe Kuwaiti ambassador hailed Pakistan\u2019s efforts for peace in the region, saying that Kuwait encouraged \u201cits brothers in Pakistan to continue their constructive role for peace\u201d in the region.
\nHe added that Pakistan has proven itself through its responsible stance, emphasising that Pakistan was being viewed with a renewed and elevated status in the international community.
\nThe move about strategic reserves in Pakistan comes around a month after Finance Minister Muhammad Aurangzeb stressed a strategic petroleum reserve and a faster switch to renewable energy in the country.
\nSpeaking to Reuters on April 14, the finance minister said that the spikes in the prices of oil and gas \u2014 following supply disruption from the Middle East war \u2014 meant the country should focus on establishing strategic reserves of fuels and LPG.
\n\u201cWhen you go through a supply shock like this… it sends a very clear view that we need to accelerate these journeys,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Petroleum minister expresses gratitude to Kuwait for facilitating safe dispatch of vessel Khairpur Islamabad Pakistan and Kuwait on Tuesday agreed to explore new opportunities around building strategic storage in Pakistan\u2019s petroleum and energy sectors, and enhance cooperation in refining for the mutual benefits of both nations. The development emerged during a meeting between Petroleum Minister […]<\/p>\n","protected":false},"author":2,"featured_media":546196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-546170","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n