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Attock Refinery Reduced Run rate to 25% on HSD Stock Pileup

admin-augaf by admin-augaf
May 3, 2023
in Business, Finance
Reading Time: 1 min read
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Rawalpindi May 3 2023: Attock Refinery Limited (ARL) reduced the refinery run rate to 25 percent due to lower storage space for HSD in company’s tank, according to company filing to the exchange.

Attock Refinery inform that High Speed Diesel (HSD) upliftment by OMCs from ‘ARL has remained low during the last two months due to multiple reasons including the possible inflow of smuggled product in our supply envelope.
Presently, HSD stocks in the refinery have reached to a high level with very little/no ullage in storage tanks.

Consequently, we are left with no option except to go for shut down of our main distillation unit of 32,400 BPD to manage the critically high HSD stocks and carry out essential maintenance including that of allied downstream units for a period of five (5) days.

The refinery will partially operate at around 25% capacity during the said period. However, adequate inventories of products are available to meet the current requirements. This has been intimated to the Ministry of Energy (Petroleum Division) and Oil & Gas Regulatory Authority (OGRA) accordingly.

Tags: ATRl
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