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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 ...
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 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.
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 United States also became a net petroleum exporter in 2020, for the first time since at least 1949. [4] U.S. crude oil exports reached a record high in the first half of 2023. [5] U.S. oil production reached a record high in October 2023. [6]
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 ...
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 ]
Oil & Gas Regulatory Authority (Urdu: اختیاریہ برائے ضابطہَ تیل و گیس, abbreviated as OGRA) is an agency of the Government of Pakistan, responsible for regulating the oil and gas sector in Pakistan. It was established in 2002. [1] [2]