KARACHI: The Pakistan State Oil (PSO) has inked an agreement for fuel supplies to Thar coal mines, an announcement said here on Thursday.
It said that in order to maintain seamless HSD supplies to the Thar Mining Project Block II, Pakistan's top oil marketing company PSO has entered into an agreement with the China East Resource Import & Export Corporation (CERIECO), the EPC (Engineering Procurement & Construction) and O&M (Operations & Maintenance) contractor of Sindh Engro Coal Mining Co. (SECMC).
The signing ceremony was held at PSO House here, it was further pointed out. The contract is for the entire project period of the EPC stage between CERIECO and SECMC and the O&M contract period between the same parties.
The deal is of major significance as it ensures uninterrupted work on the Thar Mining Project which is a part of the China Pakistan Economic Corridor (CPEC). The project is also listed among the prioritized projects of CPEC.
PSO's General Manager Consumer Business, Raja Imranullah Khan, and Project Director CERIECO, LiKan signed the agreement. Also present at the signing ceremony were Director Mining SECMC Abul Fazl Rizvi, and PSO officials.
Speaking on the occasion, Raja Imranullah Khan said "PSO, being a responsible and Pakistan's primary oil marketing company, understands the crucial role smooth fuel supplies play in keeping the country running and progressing".
PSO has always strived to ensure smooth fuel supplies in the country so the wheel of industry never stops moving and daily life goes on interrupted.
The agreement with CERIECO is yet another testament to PSO's continued commitment to fulfilling the energy needs of Pakistan, it was further stated.
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