Gwadar: Pakistan has invited oil-producing countries to establish strategic oil reserves at a planned Energy City near Gwadar Port, as part of efforts to strengthen energy security and develop the country into a regional energy and logistics hub.
According to officials, the proposed facility would allow Pakistan priority access to stored oil in case of emergencies such as wars or supply disruptions.
The initiative has already drawn interest from Kuwait, which has expressed willingness to explore the development of strategic oil buffers under the project. The government is also awaiting progress on potential Saudi investment in oil reserves and refinery infrastructure at Gwadar.
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry discussed the proposal with Kuwaiti Ambassador Nassar Abdulrahman Jasser Al-Mutairi, presenting investment opportunities in energy logistics and maritime infrastructure.
Pakistan has offered foreign investors opportunities in fuel storage facilities, bonded terminals, jetty construction, and broader port infrastructure linked to the Energy City concept. The plan also includes storage and handling facilities for liquefied petroleum gas (LPG), liquefied natural gas (LNG), crude oil, and white oil products, along with rental-based bonded storage systems to support trade and supply chains.
Among the proposed developments is a multipurpose terminal at Port Qasim, along with additional terminals and storage capacity expansion.
Officials said discussions also covered broader cooperation in maritime infrastructure, with facilitation assurances extended to potential investors. The Kuwaiti ambassador expressed interest in reviewing Energy City-related projects and fuel storage opportunities, with both sides agreeing to continue consultations.
Earlier, the government announced the Pakistan Maritime Energy City under its long-term “Hundred Years Vision 2047–2147”. A 12-member committee has been formed to identify locations for three to four new deep-sea ports along Pakistan’s coastline.
Officials say the proposed Energy City is intended to support storage and re-export of oil, LNG, and LPG, integrated with Pakistan’s port infrastructure to enhance regional energy trade.
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