Pakistan Eyes Saudi, Kuwaiti and Qatari Oil Reserves Under New Storage PlanSaudi Arabia, Kuwait and Qatar could store crude oil and petroleum products in Pakistan under a proposed bonded arrangement. Pakistan currently imports around 90% of its energy requirements, increasing its exposure to disruptions in global oil markets. Petroleum Minister Ali Pervaiz Malik said the proposed commercial bonded scheme would allow the three Gulf countries to keep crude oil and petroleum products at secure facilities inside Pakistan at their own expense. Pakistan currently produces about 70,000 barrels of crude oil per day domestically, compared with overall demand of roughly 500,000 barrels per day. The proposal comes as disruptions in international energy markets have renewed concerns over the security and cost of Pakistan’s fuel imports.