Pakistan begins exporting furnace oil, cargo to leave today

 

Pakistan begins exporting furnace oil, cargo to leave today

 

Express Tribune:Pakistan, which is a leading oil importing country, has become an exporter of furnace oil as a prominent refinery’s ship loaded with the fuel is scheduled to leave Karachi Port early in the morning on Tuesday.

The government has bailed out the outdated refineries, but only for a period of two months. It has resumed power production from the oil-fired plants to let the overflowing refineries overcome the furnace oil supply glut.

“After February 28, the government will not take any responsibility for furnace oil and companies (refineries) will deal with it by themselves,” an official at the Petroleum Division told The Express Tribune.

An official at the Karachi Port Trust (KPT) confirmed “oil tanker Roy Maersk is currently being loaded with furnace oil.” The ship was anchored at berth Op-2 on Sunday. It was scheduled to leave the Karachi Port at 5:30 am on Tuesday. “It was Byco’s cargo,” the official said

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