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.

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.

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.