Pakistan Buys First U.S. Oil Cargo After Trade Deal

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Pakistani refiner Cnergyico will import Pakistan’s first U.S. crude oil cargo in October following the trade and energy cooperation deal the two countries signed earlier this week. Cnergyico will import on October 1 million barrels of American crude via top commodity trader Vitol, Usama Qureshi, vice chairman of the biggest refiner in oil-import-dependent Pakistan, told Reuters on Friday. The cargo of West Texas Intermediate (WTI) crude is set to load from Houston in August and arrive in Pakistan in late October, the executive said. “This…