ANL 11.10 Increased By ▲ 0.57 (5.41%)
ASC 10.07 Increased By ▲ 0.46 (4.79%)
ASL 10.95 Increased By ▲ 0.41 (3.89%)
AVN 73.31 Increased By ▲ 4.31 (6.25%)
BOP 5.99 Increased By ▲ 0.08 (1.35%)
CNERGY 5.23 Decreased By ▼ -0.04 (-0.76%)
FFL 6.85 Increased By ▲ 0.30 (4.58%)
FNEL 6.20 Increased By ▲ 0.17 (2.82%)
GGGL 12.33 Increased By ▲ 0.93 (8.16%)
GGL 16.41 Increased By ▲ 1.21 (7.96%)
GTECH 9.81 Increased By ▲ 0.64 (6.98%)
HUMNL 6.62 Increased By ▲ 0.23 (3.6%)
KEL 2.59 Increased By ▲ 0.04 (1.57%)
KOSM 3.06 Increased By ▲ 0.17 (5.88%)
MLCF 28.85 Increased By ▲ 0.92 (3.29%)
PACE 3.23 Increased By ▲ 0.19 (6.25%)
PIBTL 6.10 Increased By ▲ 0.08 (1.33%)
PRL 15.23 Increased By ▲ 0.08 (0.53%)
PTC 7.19 Increased By ▲ 0.32 (4.66%)
SILK 1.10 Increased By ▲ 0.07 (6.8%)
SNGP 26.20 Increased By ▲ 0.07 (0.27%)
TELE 11.06 Increased By ▲ 0.88 (8.64%)
TPL 9.40 Increased By ▲ 0.52 (5.86%)
TPLP 16.30 Increased By ▲ 0.66 (4.22%)
TREET 30.16 Increased By ▲ 0.16 (0.53%)
TRG 76.77 Increased By ▲ 1.52 (2.02%)
UNITY 23.21 Increased By ▲ 1.51 (6.96%)
WAVES 13.25 Increased By ▲ 0.65 (5.16%)
WTL 1.54 Increased By ▲ 0.06 (4.05%)
YOUW 5.05 Increased By ▲ 0.24 (4.99%)
BR100 4,277 Increased By 51.3 (1.21%)
BR30 14,956 Increased By 482.5 (3.33%)
KSE100 43,027 Increased By 300.8 (0.7%)
KSE30 16,360 Increased By 114 (0.7%)
Markets

Local POL production dips 6.3pc in 10 months of 2018-19

ISLAMABAD: The overall production of petroleum commodities has witnessed a decrease of 6.34 percent during first 10
26 Jun, 2019

ISLAMABAD: The overall production of petroleum commodities has witnessed a decrease of 6.34 percent during first 10 months (July-April) of the current fiscal year as compared to corresponding period of 2017-18.

According to the data of Pakistan Bureau of Statistics, the POL products that showed negative growth include Jet Fuel Oil, Kerosene Oil, High Speed Diesel, Furnace Oil, Jute Batching Oil and Solvant Naptha, posting decrease of 8.83 percent, 2.01 percent, 7.15 percent, 11.47 percent, 12.62 percent and 28.7 percent respectively.

However, the production of Motor Spirit oil has increased by 6.99 per cent, Diesel oil 28.07 per cent, Lubricating oil 12.14 per cent and Liquefied Petroleum Gas 22.75 per cent during the period under review.

On year-on-year basis, the petroleum production has decreased by 9.14 per cent during April 2019 as compared to the output of April 2018.

According to the Annual Plan 2019-20, the production of crude oil remained 21.86 million barrels against target of 32.50 million barrels showing 67.26 percent achievement during first eight months of the current fiscal year.

While, the government has fixed domestic crude oil production of 29.39 million for the next fiscal year.

Meanwhile, an official at the Petroleum Division told APP that the government was making all-out efforts to achieve self-sufficiency in oil refining sector.

Elaborating the government efforts, he said Byco Oil Pakistan Limited (Byco) had established an Oil Refinery at Hub, Balochistan, having capacity to purify 120,000 Barrel Per Day (5 million tons/annum) at a cost of $ 400 million.

Whereas, Byco has also installed Single Buoy Mooring (SBM) facilities for transportation of imported Crude Oil and petroleum products from ships to the storage tanks. The capacity of said facility is 12 M. tons per annum.

Similarly, Attock Refinery Limited (ARL) has started producing Euro-II (0.05 % Sulphur HSD), besides it installed isomerization plant and enhanced the production of Motor Gasoline.

While, Pakistan Refinery Limited (PRL) has installed isomerization plant in 2016 and since then it has doubled production of Motor Gasoline.

Whereas, Pak Arab Refinery Limited (PARCO) is implementing its Coastal Refinery project at Khalifa Point, near Hub, Balochistan with an estimated cost of over $ 5 billion.. It would be a state of the art refinery, having capacity of 250,000 barrels per day (over 11 Million tons per annum).

Copyright APP (Associated Press of Pakistan), 2019
 

Comments

Comments are closed.