Pakistan Begins Strategic Petroleum Reserve Feasibility Study

The government aims to strengthen Pakistan's resilience against external energy shocks, especially after recent Strait of Hormuz crises. The study, led by Wood Mackenzie, will assess technical, financial, and regulatory aspects, including public-private partnership models and existing infrastructure. This initiative is a crucial step towards ensuring the resilience of energy supplies and reducing vulnerabilities. While a positive long-term step for energy security, this preliminary study is unlikely to have immediate implications for crude oil prices or the USD/PKR exchange rate.

بحوالہ / Source: www.dawn.com