{
  "id": 1460471,
  "title": "Pakistan's largest refiner expands US crude imports amid Hormuz disruption",
  "url": "https://urgent.news/2026/08/17/pakistans-largest-refiner-expands-us-crude-imports-amid-hormuz",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T09:53:44.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2023428/pakistans-largest-refiner-expands-us-crude-imports-amid-hormuz-disruption"
  },
  "original_language": "en",
  "account": "Pakistan's largest refiner, Cnergyico, is increasing its purchases of U.S. crude oil as the country seeks to diversify its energy supplies following the Iran war and its dependence on Gulf routes, according to a source. The refiner, which began buying U.S. crude last year, is also considering spot purchases from suppliers like Vitol based on factors like pricing, reliability, and supply security. In the fiscal year ending June, Cnergyico imported about 8.1 million barrels of U.S. crude, worth around $750 million, which accounted for approximately 80 percent of the $914 million increase in the country's U.S. import payments during that period. If Pakistan's proposed EXIM Bank trade-finance facility is extended to Cnergyico, the refiner may further increase its U.S. crude purchases. Pakistan's oil imports, primarily from Saudi Arabia and the United Arab Emirates, previously passed through Hormuz, but rising fuel costs have prompted the government to explore alternatives and seek diversification.",
  "summary": "The country’s largest refiner Cnergyico is buying more US crude as Islamabad seeks to diversify the country’s energy supplies after disruption caused by the Iran war exposed its dependence on Gulf routes. Pakistan also wants to increase imports from the US to help narrow its trade surplus and secure reductions in trade tariffs imposed by US President Donald Trump. Cnergyico, which first bought US…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "Pakistan's largest refiner expands US crude imports amid Hormuz disruption",
        "url": "https://urgent.news/2026/08/17/pakistans-largest-refiner-expands-us-crude-imports-amid-hormuz-1461367",
        "published": "2026-08-17T09:53:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}