Saudi pledges oil support to Pakistan via Yanbu
MG News | March 04, 2026 at 02:45 PM GMT+05:00
March 04, 2026 (MLN): Saudi Arabia has assured Pakistan of full support in
securing an alternative oil supply route through the Yanbu Port.
The development comes after disruptions in shipping through
the Strait of Hormuz, a critical global route through which a significant share
of the world’s oil and most of Pakistan’s fuel imports pass, raising concerns
about supply security for import-dependent economies.
During a meeting with Saudi Ambassador Nawaf bin Saeed
Al-Maliki, Minister for Petroleum Ali Pervaiz Malik expressed hope that
Pakistan would be given priority in crude oil supplies from the port.
The minister said Saudi sources have assured the security of
supply and confirmed that a ship from Pakistan will be dispatched to Yanbu for
crude oil. He also expressed gratitude for Saudi Arabia’s support.
He further noted that most of Pakistan’s energy imports
transit through the Strait of Hormuz and that the government is closely
monitoring the evolving regional situation to ensure continuity of supplies.
Ali Pervaiz Malik emphasized that the government is making
efforts to ensure the continuity of the energy supply chain for the people,
according to Radio Pakistan.
The Saudi Ambassador assured that full cooperation would
continue in case of any emergency and stated that Pakistan and Saudi Arabia
will stand by each other during times of trial.
Saudi are also exploring the diversion of some crude exports
to the Red Sea port of Yanbu to bypass potential disruptions in the Strait of
Hormuz as shipping in the region slows due to the ongoing conflict, according
to Reuters.
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