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Import Finance of Crude Oil, Refined Petroleum Products
Import Finance of Crude Oil, Refined Petroleum Products
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 Last update: Dec 6, 2024
Last update: Dec 6, 2024
Import Finance of Crude Oil, Refined Petroleum Products
Last update: Dec 6, 2024

Details

Location:
Pakistan
Pakistan
Contract type:
Unspecified/other
Status:
Approval
Sectors:
Energy, Private Sector & Trade
Contracting authority:
International Islamic Trade Finance Corporation
Funding Agency:
OPEC Fund for International DevelopmentArab Bank for Economic Development in Africa
Contracting authority type:
Multilateral organization
Eligibility:
Unknown
Budget:
USD 50,000,000
Date posted:
Nov 3, 2021

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Associated Awards

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Project cycle timeline

STAGES
EARLY INTELLIGENCE
PROCUREMENT
IMPLEMENTATION
Cancelled
Status
Programming
Formulation
Approval
Forecast
Open
Closed
Shortlisted
Awarded
Evaluation
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Description

Import Finance of Crude Oil, Refined Petroleum Products Pakistan Borrower Islamic Republic of Pakistan Financing Type Private Sector & Trade Finance Instrument Trade Focus Area Financial Approved 12.10.2021 Signed 21.10.2021 Status Ongoing Loan Admini
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tender Background

About the Funding Agency

OPEC Fund for International Development

The OPEC Fund for International Development (OFID) is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries (OPEC). OFID was conceived at the Conference of the Sovereigns and Heads of State of OPEC Member Countries, which was held in Algiers, Algeria, in March 1975. A Solemn Declaration of the Conference "reaffirmed the natural solidarity which unites OPEC countries with other developing countries in their struggle to overcome underdevelopment," and called for measures to strengthen cooperation between these countries.

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About the Sectors

Energy

Involves the production, transformation, transportation, and distribution of energy from renewable and non-renewable sources.


Key areas:
  • Renewable and non-renewable energy production
  • Energy infrastructure and distribution systems
  • Power generation and energy supply solutions
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Private Sector & Trade

Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.


Key areas:
  • Private sector development and SME/MSME support
  • Entrepreneurship, start-ups, and business growth initiatives
  • Trade facilitation, import/export, and market access
  • Commerce, retail/wholesale, and free trade mechanisms
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Locations

Pakistan

Pakistan prioritizes transport infrastructure, energy projects, and urban development to support industrial growth and trade connectivity. Large-scale initiatives under the China-Pakistan Economic Corridor (CPEC) have expanded road networks, power generation, and port facilities. Financing relies on public spending, external borrowing, and foreign investment, particularly from China. Fiscal pressures, debt sustainability, and governance reforms remain central to long-term infrastructure outcomes.

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