{"id":125764,"date":"2026-05-12T18:46:03","date_gmt":"2026-05-12T13:46:03","guid":{"rendered":"https:\/\/nationaltimes.pk\/eng\/?p=125764"},"modified":"2026-05-12T18:46:04","modified_gmt":"2026-05-12T13:46:04","slug":"kuwait-to-explore-new-opportunities-around-building-strategic-storage-in-pakistans-petroleum-sector","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/","title":{"rendered":"Kuwait to ‘explore new opportunities’ around building strategic storage in Pakistan\u2019s petroleum sector"},"content":{"rendered":"\n

ISLAMABAD(National Times)- Kuwait agreed on Tuesday to \u201cexplore new opportunities\u201d around building strategic storage in Pakistan\u2019s petroleum sector, a statement by the Petroleum Division said, adding that the initiative could result in mutual benefit for both sides.<\/p>\n\n\n\n

The assurance came during a meeting between petroleum Minister Ali Pervaiz Malik and Kuwait\u2019s ambassador to Pakistan, Nassar Abdulrahman Jasser Almutairi, in Islamabad.<\/p>\n\n\n\n

\u201cBoth sides discussed prospects for enhanced cooperation in the petroleum and energy sectors, especially refining, and agreed to explore new opportunities around building strategic storages in Pakistan that could bring mutual benefit to Pakistan and Kuwait\u201d, the statement said.<\/p>\n\n\n\n

It added that the meeting focused on regional developments and energy cooperation.<\/p>\n\n\n\n

The two sides also agreed to further strengthen bilateral relations and expand collaboration in areas of common interest, it said.<\/p>\n\n\n\n

For his part, the petroleum minister expressed gratitude to Kuwait\u2019s government for its \u201ctimely facilitation and support in ensuring the safe dispatch of vessel Khairpur, which reached Pakistan carrying diesel supplies during a challenging period\u201d.<\/p>\n\n\n\n

He highlighted that the vessel transported approximately 45,000 tonnes of diesel and 10,000 tonnes of jet fuel from Kuwait to Pakistan under special approvals, following disruptions caused by the closure of the Strait of Hormuz.<\/p>\n\n\n\n

He said with concerted efforts of the two governments, the Khairpur vessel safely completed its journey and reached Pakistan. This would ensure the continuity of fuel supply and support the fulfilment of national energy needs, the statement quoted him as saying.<\/p>\n\n\n\n

The Strait of Hormuz used to be the passageway for one-fifth of the world\u2019s oil and gas supply before US-Israeli strikes<\/a> on Iran in late February set off a conflict that has widened into a regional crisis. Meanwhile, the disruption of traffic in Hormuz has resulted in a global fuel crunch<\/a>, affecting countries across the world, including<\/a> Pakistan.<\/p>\n\n\n\n

For its part, Islamabad has been leading<\/a> the efforts for de-escalation between the US and Iran.<\/p>\n\n\n\n

During his meeting with the Kuwaiti envoy, Minister Malik said Pakistan remained committed to peace and stability, the Petroleum Division\u2019s statement said, adding that he highlighted that repercussions of the ongoing conflict were being felt not only across the region but beyond it as well.<\/p>\n\n\n\n

Ambassador Almutairi appreciated Pakistan\u2019s peace efforts and stated that Kuwait \u201cencourages its brothers in Pakistan to continue their constructive role for peace in the region\u201d, the statement said.<\/p>\n\n\n\n

It further quoted him as saying that Pakistan had proved itself through its \u201cresponsible stance\u201d and its status had \u201celevated\u201d in the eyes of the international community.<\/p>\n\n\n\n

Pakistan imports more than 60 per cent of its diesel from Kuwait under a long-term contract between state-run oil giants of the two countries \u2014 Kuwait Petroleum Corporation and Pakistan State Oil.<\/p>\n\n\n\n

Kuwait also extended<\/a> an oil credit facility<\/a> to Pakistan for an additional two years in April.<\/p>\n\n\n\n

In March, Kuwait assured<\/a> Pakistan of full facilitation in the supply of diesel and jet fuel, which has been stalled due to the closure of the Strait of Hormuz<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD(National Times)- Kuwait agreed on Tuesday to \u201cexplore new opportunities\u201d around building strategic storage in Pakistan\u2019s petroleum sector, a statement by the Petroleum Division said, adding that the initiative could result in mutual benefit for both sides. The assurance came during a meeting between petroleum Minister Ali Pervaiz Malik and Kuwait\u2019s ambassador to Pakistan, Nassar […]<\/p>\n","protected":false},"author":2,"featured_media":125765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-125764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest_news","entry"],"yoast_head":"\nKuwait to 'explore new opportunities' around building strategic storage in Pakistan\u2019s petroleum sector - Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuwait to 'explore new opportunities' around building strategic storage in Pakistan\u2019s petroleum sector - Nation\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD(National Times)- Kuwait agreed on Tuesday to \u201cexplore new opportunities\u201d around building strategic storage in Pakistan\u2019s petroleum sector, a statement by the Petroleum Division said, adding that the initiative could result in mutual benefit for both sides. The assurance came during a meeting between petroleum Minister Ali Pervaiz Malik and Kuwait\u2019s ambassador to Pakistan, Nassar […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/\" \/>\n<meta property=\"og:site_name\" content=\"Nation\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-12T13:46:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-12T13:46:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"humza Jahangir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"humza Jahangir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/\",\"name\":\"Kuwait to 'explore new opportunities' around building strategic storage in Pakistan\u2019s petroleum sector - Nation\",\"isPartOf\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png\",\"datePublished\":\"2026-05-12T13:46:03+00:00\",\"dateModified\":\"2026-05-12T13:46:04+00:00\",\"author\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#primaryimage\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png\",\"contentUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png\",\"width\":670,\"height\":370},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationaltimes.pk\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kuwait to ‘explore new opportunities’ around building strategic storage in Pakistan\u2019s petroleum sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/\",\"name\":\"Nation\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationaltimes.pk\/eng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\",\"name\":\"humza Jahangir\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"caption\":\"humza Jahangir\"},\"url\":\"https:\/\/nationaltimes.pk\/eng\/author\/humza\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kuwait to 'explore new opportunities' around building strategic storage in Pakistan\u2019s petroleum sector - Nation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/","og_locale":"en_US","og_type":"article","og_title":"Kuwait to 'explore new opportunities' around building strategic storage in Pakistan\u2019s petroleum sector - Nation","og_description":"ISLAMABAD(National Times)- Kuwait agreed on Tuesday to \u201cexplore new opportunities\u201d around building strategic storage in Pakistan\u2019s petroleum sector, a statement by the Petroleum Division said, adding that the initiative could result in mutual benefit for both sides. The assurance came during a meeting between petroleum Minister Ali Pervaiz Malik and Kuwait\u2019s ambassador to Pakistan, Nassar […]","og_url":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/","og_site_name":"Nation","article_published_time":"2026-05-12T13:46:03+00:00","article_modified_time":"2026-05-12T13:46:04+00:00","og_image":[{"width":670,"height":370,"url":"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png","type":"image\/png"}],"author":"humza Jahangir","twitter_card":"summary_large_image","twitter_misc":{"Written by":"humza Jahangir","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/","url":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/","name":"Kuwait to 'explore new opportunities' around building strategic storage in Pakistan\u2019s petroleum sector - Nation","isPartOf":{"@id":"https:\/\/nationaltimes.pk\/eng\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#primaryimage"},"image":{"@id":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#primaryimage"},"thumbnailUrl":"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png","datePublished":"2026-05-12T13:46:03+00:00","dateModified":"2026-05-12T13:46:04+00:00","author":{"@id":"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16"},"breadcrumb":{"@id":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationaltimes.pk\/eng\/2026\/125764\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#primaryimage","url":"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png","contentUrl":"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-15-8.png","width":670,"height":370},{"@type":"BreadcrumbList","@id":"https:\/\/nationaltimes.pk\/eng\/2026\/125764\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationaltimes.pk\/eng\/"},{"@type":"ListItem","position":2,"name":"Kuwait to ‘explore new opportunities’ around building strategic storage in Pakistan\u2019s petroleum sector"}]},{"@type":"WebSite","@id":"https:\/\/nationaltimes.pk\/eng\/#website","url":"https:\/\/nationaltimes.pk\/eng\/","name":"Nation","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationaltimes.pk\/eng\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16","name":"humza Jahangir","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g","caption":"humza Jahangir"},"url":"https:\/\/nationaltimes.pk\/eng\/author\/humza\/"}]}},"_links":{"self":[{"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/posts\/125764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/comments?post=125764"}],"version-history":[{"count":1,"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/posts\/125764\/revisions"}],"predecessor-version":[{"id":125766,"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/posts\/125764\/revisions\/125766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/media\/125765"}],"wp:attachment":[{"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/media?parent=125764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/categories?post=125764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationaltimes.pk\/eng\/wp-json\/wp\/v2\/tags?post=125764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}