SINGAPORE: Pakistan’s Pak-Arab Refinery Limited (PARCO) has offered fuel oil for July loading in its latest tender, underlining an ongoing shift in market dynamics as the South Asian country turned to exporting instead of importing fuel oil this summer. The refinery is offering 50,000 metric tones of high sulphur fuel oil (HSFO) with maximum 3.5 percent sulphur content, for loading…
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As the smuggled Iranian oil floods Pakistan’s markets over weak government control because of dollar deficiency, diesel stocks have leaped to the notable degree of 46 days of utilization, pushing the country’s biggest treatment facility, Pak-Middle Easterner Processing plant Restricted (Parco), towards closure.
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ISLAMABAD-Oil burglary endeavor has been faulted for the spillage from Pak Middle Easterner Processing plant Restricted (PARCO) pipeline. Starting examination uncovered a fruitless oil robbery endeavor by a gathering of unidentified men, bringing about the spillage, said representative PARCO on Sunday.
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