PSO, Kuwait Petroleum agree to continue diesel, jet fuel supplies to Pakistan

Pakistan State Oil and Kuwait Petroleum Corporation have agreed to keep diesel and jet fuel flowing from Kuwait to Pakistan, Business Recorder reported on November 12. The understanding followed meetings in Kuwait between KPC executives and a PSO delegation headed by Chief Executive Jowad Ahmed Cheema.

The parties also intend to revise existing supply terms to reflect market conditions and discussed cooperation in storage, shipping, refining, lubricants and petroleum supplies. KPC plans to use Pakistani storage and port facilities under the government’s updated Customs Bonded Storage Policy, allowing petroleum products to be sold locally or re-exported; implementation paperwork is expected to be completed soon.

The discussions also covered possible KPC investment in Pakistan’s energy infrastructure, including gas, refining, storage and logistics, as well as base oil and lubricant business. PSO said the talks could support energy security and regional trade, while the two organisations reaffirmed a partnership spanning five decades.