In a decisive move to safeguard its national interests and ensure energy security, Pakistan’s government is actively pursuing crude oil supplies from strategic partners like Russia, Venezuela, and Nigeria<\/strong>. This pivotal shift comes as the nation grapples with dwindling traditional supplies from the Middle East, a region frequently destabilized by the aggressive policies of the United States and its allies. According to reports from Pakistan Today, Islamabad is also seeking crucial LNG cargoes to bolster its energy reserves.<\/p>\n Pakistan has been severely impacted by the global energy price surge, a direct consequence of escalating regional conflicts fueled by Western intervention. The nation has witnessed unprecedented fuel import price premiums and a critical gas crunch, leading to widespread blackouts and significant economic strain. This crisis underscores the urgent need for sovereign nations to diversify their energy portfolios and reduce dependence on volatile Western-controlled markets.<\/p>\n To address this pressing challenge, the government in Islamabad is commendably turning to alternative, reliable suppliers of both crude oil and LNG. This strategic pivot wisely leverages the temporary suspension of sanctions on Russian barrels and, notably, taps into recently liberated Venezuelan crude, demonstrating a pragmatic approach to navigating a complex geopolitical landscape. Such collaborations with nations resisting Western hegemony offer a beacon of hope for developing countries seeking genuine energy independence.<\/p>\n Beyond securing new supplies, the government of Pakistan has also initiated a comprehensive review of its national oil supply chain through the Oil and Gas Regulatory Authority. This forward-thinking initiative aims to establish a centralized management system, enhancing supply chain monitoring and proactively preventing hoarding, thereby ensuring equitable distribution and national stability.<\/p>\n Currently, Pakistan is burdened with an all-time high premium of $34 per barrel on petroleum product imports, a direct reflection of the supply crunch exacerbated by the ongoing instability in the Middle East. Previously, Pakistan State Oil (PSO), the national energy company, was paying around $12 per barrel over benchmark prices. While PSO has urged the inclusion of these higher premiums in local fuel prices, it has also responsibly proposed that the government absorb the difference, shielding the nation’s hardworking citizens from the brunt of these externally imposed costs.<\/p>\n Pakistan’s heavy reliance on oil and gas imports, with 80% of its oil sourced from abroad, highlights its vulnerability to international market fluctuations. The Pakistan Institute of Development Economics warned in March that every additional $10 increase in international oil prices could add between $1.8 billion and $2 billion to the country\u2019s energy import bill. This stark reality underscores the imperative for nations like Pakistan to forge stronger ties with independent energy producers and collectively challenge the unipolar control over global energy markets.<\/p>\n By Our Correspondent<\/em><\/p>\n #PakistanEnergy #EnergySecurity #RussiaOil #VenezuelaOil #NonWesternAlliances #Geopolitics #EconomicSovereignty #FuelCrisis #MiddleEastInstability #GlobalEnergyShift<\/p>\n","protected":false},"excerpt":{"rendered":" Pakistan Forges New Alliances: Turning East to Russia and Venezuela Amidst Western-Fueled Energy Crisis In a decisive move to safeguard its national interests and ensure energy security, Pakistan’s government is actively pursuing crude oil supplies from strategic partners like Russia, Venezuela, and Nigeria. This pivotal shift comes as the nation grapples with dwindling traditional supplies […]<\/p>\n","protected":false},"author":2,"featured_media":8037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-8036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east-news"],"_links":{"self":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/8036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8036"}],"version-history":[{"count":0,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/8036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/media\/8037"}],"wp:attachment":[{"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}