Year: 2021

The gross refining margin of Byco Petroleum — a vertically integrated energy firm with its own floating jetty, refinery and oil marketing arm — is expected to double from $3 per barrel to $6 once it completes the ongoing upgrade process by 2025, according to company chairman Mohammad Wasi Khan. Speaking to a group of journalists at the company headquarters on Friday, Mr Khan said Byco is adding as many as 14 plants to its processing facilities, which will turn 90 per cent of the refinery’s output into value-added, high-margin…

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Fuel shortages caused by inadequate supply arrangements and forced outages are leading to serious power supply constraints as consumers suffer in extreme humid conditions across the country. A senior official of the Power Division conceded that power companies had been compelled by unavoidable circumstances to apply forced power cuts ranging between 1,000MW and 2,000MW in peak hours. This does not include revenue-based loadshedding of 2,500-4,000MW depending on how the relevant authorities are technically able to park shortages. “We are not getting LNG (liquefied natural gas) supplies against firm demand and…

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 Suspension of gas supply to general industry from Saturday afternoon by Sui Northern Gas Pipelines Limited (SNGPL) to divert supply to power plants to meet the increasing demand threatens production and supply of various goods ahead of Eidul Azha, say representatives of the industry. The situation has forced the manufacturing sector to close mills by sending workers on leave, they say. “Suspending gas supplies all of a sudden on verbal orders and without any prior notice is sheer high-handedness with the industry, especially those engaged in food-related businesses. We strongly…

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