Pakistan's largest refiner Cnergyico will import 1 million barrels of oil from Vitol in October, Cnergyico's Vice Chairman Usama Qureshi said on Friday, the country's first-ever purchase of U.S. crude following a landmark trade deal.

India is the world’s third-largest consumer of crude oil and depends on imports to meet around 88 per cent of its requirement of the commodity.

Pakistan’s proven recoverable conventional crude oil reserves of between 234 million and 353 million barrels puts it at the 50th position globally; experts spot US attempt at stirring South Asian political cauldron.