Pakistan is planning to establish strategic oil reserves at the proposed Energy City in Gwadar to strengthen national energy security during crises such as war or supply disruptions.
The government has invited oil-producing countries, including Gulf and European nations, to invest in storage facilities under the initiative.
Foreign Investment and Storage Model
Under the proposal, foreign countries will be allowed to store petroleum reserves at Gwadar Port. However, Pakistan will retain the first right to access these stocks during emergencies or supply shocks.
Officials said Kuwait has already shown interest in developing oil storage infrastructure in the port city.
Energy City Development Plan
The Energy City project will include LNG and LPG terminals, fuel storage facilities, and logistics infrastructure. It aims to integrate energy storage with broader maritime and industrial development.
Previously, similar plans for an oil-focused industrial zone faced delays due to geopolitical and commercial challenges. The revised model now expands the scope into a wider energy and logistics hub.
Strategic Role of Gwadar
Gwadar’s location near key international shipping routes makes it a potential regional energy hub. As a result, the project could enhance Pakistan’s role in global energy logistics.
Maritime and Investment Discussions
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry recently discussed the plan with the Kuwaiti ambassador, encouraging investment in storage terminals, jetties, and port infrastructure.
Energy Security and Long-Term Vision
Strategic reserves at Gwadar are expected to provide Pakistan with a buffer against global oil price volatility and supply disruptions.
The project falls under the broader Pakistan Maritime Energy City (PMEC) initiative, which focuses on developing coastal industrial and energy infrastructure.
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