Pakistan is reportedly moving toward a major energy security initiative with proposed strategic oil reserves backed by Saudi Arabia and Kuwait.

Reports suggest that Saudi Arabia and Kuwait are planning to establish strategic oil reserves in Pakistan with a combined storage capacity of approximately 17 million barrels.

According to emerging reports, Kuwait could develop storage capacity for around 7 million barrels, while Saudi Arabia may establish facilities for nearly 10 million barrels as part of Pakistan’s broader energy security strategy.

The proposed reserves are linked to Pakistan’s plans to strengthen fuel security after recent concerns surrounding the Strait of Hormuz exposed the country’s heavy dependence on imported oil supplies. Officials are also exploring the development of an energy hub near Gwadar Port to support future storage and refinery infrastructure.

Pakistan currently lacks a dedicated strategic petroleum reserve system despite relying on the Gulf region for most of its oil imports.

Disclaimer:

The project is currently based on proposals, discussions, and preliminary reports. Final agreements, timelines, and investment details have not yet been officially confirmed by all parties involved.