Kambojaric
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Oil Cargos for which country? China?
Isnt it tremendously more expensive to transport liquids (especially such high volumes) over land than sea? Perhaps this will cater the areas of china bordering central asia? But you would think those areas would have access to Russian and Central Asian oil already.
So seems more strategic than practical.
Anyways, Ill let the Chinese or Pakistani members explain the significance of this before I comment further.
As some others have alluded to, the primary idea is to provide China with an alternative source for oil and gas imports. China already has a pipeline connecting it to Kazakhstan, so the idea that connecting a pipeline to its sparesly populated western region is fantastical is not true. Another one from Pakistan ensures it can attain Middle Eastern oil much faster and cheaper. Right now the bulk of its imports cross the Straits of Malacca, where the US navy enjoys a strong position. Chinas oil independence would therefore increase via the existence of alternative routes. (https://www.thenews.com.pk/latest/302371-pakistan-china-ink-mou-on-gas-pipeline-refinery). Of course Pakistan does not possess the funds to undertake such a project. Saudi and China would have to chip in but the deal would probably require China to purchase at least a certain percentage of its oil via this route from Saudi, for the latter to be interested.
There is also a potential at some point in the future, if Afghanistan somewhat stablilizes ,for Central Asian countries to use Pakistani ports as an outlet from which to export their vast oil and gas reserves to markets far beyond the region (Australia, South Africa, Latin America etc).