May 29, 2022 05:40 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India slams Islamic nations' organisation for 'unacceptable' comments on Yasin Malik case | Buttler batters RCB for RR's smooth sailing into IPL final | Fire reported at Ather Energy's dealership in Chennai, no one injured | Body of Kashmir man to be exhumed 6 months after controversial encounter, orders court | Accused of molesting granddaughter, ex-Uttarakhand minister kills self
Pakistan refineries warn of shutting operation in next few weeks Pakistan Refinery
Representational image by Patrick Hendry on Unsplash

Pakistan refineries warn of shutting operation in next few weeks

India Blooms News Service | @indiablooms | 21 Jan 2022, 06:07 pm

Islamabad: Pakistan's oil refineries have warned the government of a looming shutdown of their operations in the next few weeks  due to high and yet rising stocks of furnace oil, media reports said on Friday.

Informed sources told The Dawn that the refineries had reported to the government that the oil industry was currently holding about 400,000 tonnes of furnace oil.

In addition, 300,000-tonne stocks were lying unutilised at various power plants, the newspaper reported.

On the other hand, the Power Division had placed a requirement of furnace oil for February at just 45,000 tonnes for the power sector.

The sources told The Dawn that the Petroleum Division had advised the Pak-Arab Refinery (Parco) at Multan to export one cargo of about 50,000 tonnes of furnace oil during the current month.