Connect with us

Latest News

Attock Refinery closes its main facility because of worries about oil smuggling.

Published

8 months ago

on

Details indicate that because of the widespread fuel smuggling in the domestic market, the large diesel supplies that have caused the main unit to close have not been released.

In correspondence addressed to the Petroleum Division and the Oil and Gas Regulatory Authority (OGRA), the Attock Refinery stated, “We have closed down our main crude distillation unit, which has a capacity of 32,400 barrels per day.”

As a result of fuel being smuggled into the nation, the refinery claimed that the oil marketing corporations were not purchasing fuel from them.

According to the letter, the main unit of Attock Refinery has been shut down and is currently running at 33 percent capacity due to the build-up of a massive stock of diesel.

According to the letter, the refinery may close entirely if the oil marketing corporations don’t buy fuel.

Leading the way in Pakistan’s petroleum refining industry is Attock Refinery Limited (ARL). With 53,400 barrels per day (bpd) of name plate capacity, it is now a modern, state-of-the-art refinery.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

Published

4 days ago

on

By

To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

Continue Reading

Latest News

Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

Published

4 days ago

on

By

Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

Continue Reading

Latest News

GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

Published

4 days ago

on

By

25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

Continue Reading

Trending