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Pakistan to buy US crude oil for the first time, marking a step to diversify its oil suppliers.
Pakistan's largest oil refiner, Cnergyico, will import 1 million barrels of US crude oil in October, marking the country's first-ever purchase from the US. This move aims to diversify Pakistan's oil suppliers, currently dominated by Middle Eastern countries, and reduce dependence on imported oil. The deal, facilitated by global trader Vitol, follows months of negotiations and is seen as a step towards strengthening economic ties between the two countries.
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