Karachi: Pakistan State Oil Company Limited (PSO) has successfully executed a Sale Purchase Agreement (SPA) with OQ Trading Limited (OQT), marking a significant development in the energy sector between Pakistan and Oman.

The agreement comes as a result of an Inter-Governmental Agreement (IGA) signed between the Islamic Republic of Pakistan and the Sultanate of Oman on May 14, 2018. Under this agreement, Pakistan State Oil was nominated to represent the Government of Pakistan, while OQ Trading Limited, formerly known as Oman Trading International Limited, represented the Sultanate of Oman.

According to information available from the Pakistan Stock Exchange (PSX), the SPA for the supply of petroleum products was finalized after receiving formal approval from PSO's Board of Management and the Federal Cabinet. The official signing of the SPA took place on October 8, 2026.

In compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations, PSO conveyed this material information to the market, reinforcing its commitment to transparency and regulatory obligations. The designated market category for this announcement is the energy sector.

This strategic partnership is poised to strengthen the bilateral energy cooperation between Pakistan and Oman, ensuring a steady supply of petroleum products essential for meeting Pakistan's energy demands.