Pakistan’s Oil Reserve Plan Unveiled | Pakistan News

Pakistan News Today | 2 Min News | The Daily News Now! · Aug 26, 2026 · 1m

Pakistan is gearing up to build strategic petroleum reserves to shield itself from global oil supply shocks, especially as tensions around the Strait of Hormuz highlight its vulnerability. The government has tapped Wood Mackenzie to assess feasibility, costs, and infrastructure needs — even considering letting foreign oil firms operate storage facilities here for re-export or local sales. This move is part of a broader push for energy security tied to national defense, with officials stressing the urgency after recent global disruptions. The study will guide phased implementation, ensuring…