A Strategic Move for Pakistan’s Largest Oil Refiner
Cnergyico, Pakistan’s largest oil refining company, has made a significant advancement by importing CPC Blend crude oil from the Black Sea, marking the country’s first acquisition of this particular grade. This move is expected to boost domestic gasoline production and petrochemical output, as CPC Blend offers a higher yield for motor gasoline compared to other crude oils like the Urals, which has traditionally been used.
Sourcing From Kazakhstan and Russia
CPC Blend, a lighter crude sourced from Kazakhstan and Russia, is specifically chosen by Cnergyico for its superior gasoline production capabilities. By opting for this grade, the company aims to optimize its refining process and meet the growing demand for motor gasoline in Pakistan. This import marks a key milestone for the refining sector, reflecting Cnergyico’s commitment to innovation and efficiency.
Arrival of CPC Blend at Pakistan’s Only Floating Liquid Port
Two tankers, each carrying 100,000 metric tons of CPC Blend, arrived in Pakistan in August and September. These shipments were delivered to Cnergyico’s Single Point Mooring (SPM), located near Karachi. The SPM, a unique floating liquid port and the only one of its kind in the country, plays a critical role in facilitating the safe transfer of crude oil. From there, the oil is pumped through a 15-kilometer-long undersea and onshore pipeline to Cnergyico’s refinery for processing.
Strengthening Pakistan’s Refining Capabilities
This strategic acquisition of CPC Blend is poised to enhance Pakistan’s refining sector by increasing gasoline output and supporting the development of petrochemical industries. Cnergyico’s ability to source and import this premium crude oil reflects the company’s forward-thinking approach and its dedication to strengthening Pakistan’s energy sector. The introduction of CPC Blend into the market is expected to improve fuel availability and contribute to economic growth
