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The Economic Times
The Economic Times
National
Trending Desk

Pakistan eyes Gulf-backed oil reserve hub at Gwadar amid Strait of Hormuz tensions

Pakistan is encouraging oil producers from the Persian Gulf to establish crude reserve buffers at a planned Energy City near Gwadar Port, according to a report by The Express Tribune.

A Pakistani official told the publication that in the event of emergencies such as war, Pakistan would retain the first right to use the stored oil reserves.

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