Cnergyico boosts US oil purchases to cut Hormuz supply risks
Pakistan’s largest refiner Cnergyico is increasing purchases of U.S. crude as the disruption around the Strait of Hormuz prompts Islamabad to diversify oil supplies and reduce reliance on Gulf shipping routes.
August 18, 2026 (MLN): Pakistan’s largest refiner Cnergyico is increasing purchases of U.S. crude as the disruption around the Strait of Hormuz prompts Islamabad to diversify oil supplies and reduce reliance on Gulf shipping routes. The refiner imported around 8.1 million barrels of U.S. crude over the past nine months, including 7.1 million barrels valued at nearly $750m during the fiscal year ended June, according...