Saudi Arabia assures Pakistan of oil supply through Port of Yanbu on Red Sea

ISLAMABAD:

Petroleum Minister Ali Pervaiz Malik confirmed that Saudi Arabia has pledged to support Pakistan’s energy needs by supplying oil through the Port of Yanbu on the Red Sea. The assurance comes at a time when global energy markets are grappling with the impact of the ongoing closure of the Strait of Hormuz.

In a meeting on Wednesday with Nawaf bin Said Al-Malki, Saudi Arabia’s Ambassador to Pakistan, the two leaders discussed a range of bilateral issues, focusing on strengthening cooperation between the two nations.

Malik briefed the ambassador on the current state of global energy markets and the challenges posed by the closure of the Strait of Hormuz, a vital shipping lane that carries a significant portion of Pakistan’s oil imports. He highlighted that Pakistan is closely monitoring the evolving situation, as the closure threatens the stability of its energy supplies.

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“The support of brotherly nations like Saudi Arabia is crucial to Pakistan, especially during such challenging times,” Malik remarked. He reassured that the Pakistani government is taking active measures to ensure a continuous energy supply for the country’s citizens.

During the meeting, the Saudi Ambassador reaffirmed the kingdom’s commitment to Pakistan, offering assurances that oil supplies through the Port of Yanbu would be secure. Malik informed that one vessel has been assured dispatch from Pakistan to the Port of Yanbu to lift crude oil for Pakistan. He expressed hope that future shipments would be prioritised for Pakistan.

Ambassador Al-Malki, acknowledging the growing situation, said, “Saudi Arabia is fully aware of the circumstances and stands firmly with Pakistan to meet any urgent energy needs.” He stressed that the strong ties between the two countries would continue to be a source of support, particularly during these difficult times.