ECC likely to approve PSO-OQ Trading fuel supply deal as Pakistan, Oman deepen energy ties

Business Recorder reported that the Economic Coordination Committee of the Cabinet is likely to approve a petroleum products sale and purchase agreement between PSO and OQ Trading of Oman. Earlier, in March 2026, the two companies had explored extra oil cargoes to help cover Pakistan's energy requirements. Three petrol cargoes and one diesel cargo came from Omani ports that month, and two more petrol shipments are scheduled to arrive this month.

Federal Minister for Petroleum Ali Pervaiz Malik met Oman's ambassador, Fahad Bin Sulaiman Bin Khalaf Alkharusi, to review the shifting regional energy picture and wider bilateral energy cooperation. Malik asked that Oman consider preferential energy cargoes for Pakistan, and he also outlined efforts to diversify imports through routes beyond the Strait of Hormuz. The ambassador responded that Oman was prepared to support Pakistan's energy security and said the request would receive favourable consideration.

Both sides also explored upstream cooperation in exploration and production, reaffirming their wish to deepen energy ties. Separately, the ECC's Monday agenda includes an NBP term facility of up to Rs43.849 billion, a Rs7.797 billion grant for the Greater Karachi Bulk Water Supply Scheme (K-IV) and a Rs567.032 million grant tied to Reko Diq security costs.