PSO inks SPA with Oman's OQ Trading for petroleum supplies
Pakistan State Oil (PSO) has signed a sale and purchase agreement with Oman’s OQ Trading Limited (OQT) for petroleum product supplies under an inter-governmental agreement (IGA) between the two countries. The listed state-owned oil marketing company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “An IGA between the Islamic Republic of Pakistan and the…
Pakistan State Oil (PSO) has entered into a sale and purchase agreement (SPA) with Oman’s OQ Trading Limited for petroleum product supplies under an inter-governmental agreement (IGA) between the two countries. The agreement, signed on October 8, 2026, follows a nomination process where OQ Trading Limited represented Oman and PSO represented Pakistan.
The IGA, signed on May 14, 2018, facilitated the drafting and approval of the SPA by PSO’s Board of Management and the federal cabinet. The SPA is aimed at strengthening energy security and the petroleum supply chain in Pakistan, with discussions having already taken place regarding additional oil cargoes.
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