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The Pakistani government is looking to tame inflation with fuel price cuts and a price-control mechanism, caretaker Prime Minister Anwaar ul Haq Kakar said on Monday. The South Asian country is ...
The Inland Freight Equalization Margin (IFEM) is a regulatory measure implemented in Pakistan to equalize the price of petroleum products across different regions of the country. [ 1 ] [ 2 ] It includes the costs for refineries to transport crude oil from its source to their facilities, as well as the expenses for Oil Marketing Companies (OMCs ...
The crude oil that is produced in Pakistan gets refined at home at five oil refineries which are Cnergyico Pk Limited, Pak-Arab Refinery Company Limited , Pakistan Refinery Limited, Attock Refinery Limited, and National Refinery Limited. [7] The combined processing capacity of these five refineries is roughly 420,000 barrels per day.
There are five main oil refineries in Pakistan with a combined capacity of approximately 450,000 barrels of crude oil per day (bpd), equivalent to 20 million tonnes per annum. [8] Cnergyico PK Limited is the largest oil refiner, with its oil refining complex in the Balochistan province able to refine up to 156,000 barrels per day of crude oil. [9]
The Petroleum Division, part of Pakistan's Ministry of Energy, is tasked with ensuring a secure and sustainable supply of oil and gas to meet the country's economic and strategic needs. It also oversees the development of natural energy resources and minerals. [ 1 ]
Due to high oil prices in the international market, Pakistan's oil import bill increased by 95.9% to $17.03 billion in the last ten-months of the PTI government. [25] In February 2022 Pakistan posted its highest ever monthly current account deficit of $2.55bn. [26]
Mari Petroleum origins goes back to 1957, when Esso Eastern Inc. discovered Mari gas field in Daharki, Ghotki District, Sindh, Pakistan, with an original gas in place (GIIP) estimate of 2.38 TCF. Over the years, with the phased development of the field and subsequent reservoir evaluations, the GIIP of the Field was enhanced to 10.751TCF, thus ...
In January 2016, the Federal Government of Pakistan allowed KPOGCL for the first time in country's history to sell seepage crude oil. The company may supply up to 23 barrels per day (3.7 m 3 /d) to Attock Refinery. [7]