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In September 2006 it was announced that a memorandum of understanding had been signed between IRL and Fauji Oil Terminal Company to open an additional oil jetty at Port Qasim to serve the refinery. [3] In April 2007 it was announced that work on the refinery was due to start in the following month (May 2007).
At its peak during 1986, the field was producing approximately 2,400 barrel of oil per day. It has grown steadily since then, producing both oil and, to a lesser degree, natural gas. [3] Oil production was entirely confined to the Potwar Plateau till 1981, when Union Texas Pakistan subsidiary discovered its first oil-field in Lower Sindh. By ...
Cooking oil prices have risen, with a particular brand at a Santiago supermarket experiencing a 90% price increase from April 2021 to April 2022. [ 104 ] The inflation in food prices is thought to be behind an increasing number of supermarket credit cards issued in 2022 as well as increasing rates of supermarket credit card debt default . [ 104 ]
At its peak during 1986, the field was producing approximately 2,400 barrel of oil per day. It has grown steadily since then, producing both oil and, to a lesser degree, natural gas. [3] Oil production was entirely confined to the Punjab till 1981, when Union Texas Pakistan discovered its first oil-field in Lower Sindh. By 1998-1999, the Lower ...
Attock Petroleum started its operations in 1998 and is third largest oil marketing company in Pakistan as of 2018. [5] [2] In 2005, Attock was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 57.75. [6] [7]
Hascol Petroleum was founded in 2001 and offered initial public offering in 2007. [3] In 2005, it received oil marketing license from the government. [4]In 2014, Hascol was listed on the Karachi Stock Exchange. [4]
Parts of Karachi received 147 mm (5.79 inches) of rain overnight, the local weather office said. The city's mayor, Murtaza Wahab, in a post on X, urged residents to avoid "unnecessary movement".
Cnergyico owns and operates Pakistan's largest oil refining complex in terms of design capacity of 156,000 barrels per day. Cnergyico alone accounts for 37% of Pakistan's total oil refining capacity of approximately 420,000 barrels per day. The company's oil refining complex is located near the city of Hub in the Balochistan province.