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Attock Refinery on the Verge of Closer on Inventory Pile Up

admin-augaf by admin-augaf
August 18, 2022
in Business, Finance, National, News
Reading Time: 1 min read
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Attock Refinery on the verge of closer due to inventory pile up

Attock Refinery on the verge of closer due to inventory pile up

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Islamabad August 18 2022: Attock Refinery Limited is on the verge of closure due to low upliftment of petroleum products especially High Speed Diesel, according to the company’s letter written to Oil and Gas Regulatory Authority (OGRA).

To manage the ullage situation and avoid complete shut down, company had temporarily shut down one of their crude distillation unit and now have further reduced refinery throughput. Resultantly, company is now operating at a bare minimum throughput of 65% of their capacity.

Company warn to OGRA that they are afraid if the dispatch pattern persists; complete refinery shut down now appears imminent by coming weekend.

Company also highlighted that Attock Refinery is situated in a deficit zone for both High Speed Diesel (HSD) and Motor Spirit (MS), hence their product should be prioritized for upliftment by OMCs before moving any volumes in this zone.

“We request for your support and immediate directions to OMCs for taking maximum supplies of HSD and MS from ARL to sustain the refinery operations failing which complete disruption of entire crude oil supply chain including gas supplies from local oil fields cannot be ruled out. Further supplies to Armed Forces and Islamabad Airport shall also by affected” says company’s Chief Executive Officer Mr. Muhammad Adil Khatak.

Tags: Attock Refinery LimitedHSDPetrolRefineryRun RateUtilization
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