Pakistan Plans Strategic Oil Reserves of 45 Days, Expanding to 90 Days, Negotiates with China and Gulf States

According to Nikkei Asia, Pakistan's government plans to establish strategic oil reserves to meet 45 days of demand initially, with plans to expand to 90 days in the future. A Pakistan energy ministry official revealed the country will adopt a multi-mode reserve system comprising state-backed emergency stockpiles, mandatory industry reserves, and bonded commercial storage.

Pakistan is negotiating with Saudi Arabia, Kuwait, Qatar, the UAE, and China to establish bonded terminals within its borders, with Gwadar Port identified as a potential location for such facilities.