Attock Refinery further scales down its operation to 29%

MG News | March 31, 2020 at 01:17 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 31, 2020 (MLN): Attock Refinery Limited (ARL) has informed Exchange via a notification that the Refinery has to further reduce its production and it is currently operating at about 29% of its capacity as the product uplifting has not improved.

Further, the company clarified if the product uplifting is not improved then the refinery would be completely shut down within a week which has also been informed to the Ministry of Energy (Petroleum Division) accordingly.

To recall, Attock refinery cut run-rate by 50% due to the low demand for petroleum products.

Moreover, the company will keep updating any further appropriate action regarding the situation.

Copyright Mettis Link News

Related News

Weekly Market Roundup

PSX Closing Bell: A Gentle Lift

Fire hits Kohinoor Energy Plant, 7 engines remain operational

Name	Price/Vol	%Chg/NChg
KSE100	177,873.88 195.45M	0.28% 500.11
ALLSHR	106,712.07 1,040.19M	0.56% 589.19
KSE30	51,887.21 103.81M	0.29% 152.18
KMI30	255,042.46 89.67M	0.46% 1169.47
KMIALLSHR	69,162.85 342.71M	0.85% 584.42
BKTi	48,733.27 19.48M	-0.22% -108.13
OGTi	36,043.06 20.06M	2.70% 947.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,780.00	68,420.00 65,050.00	-3135.00 -4.55%
BRENT CRUDE	96.29	97.13 95.06	0.47 0.49%
RICHARDS BAY COAL MONTHLY	127.15	0.00 0.00	-1.45 -1.13%
ROTTERDAM COAL MONTHLY	138.00	138.00 137.90	0.60 0.44%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	88.92	89.64 87.80	0.18 0.20%
SUGAR #11 WORLD	18.40	18.54 18.16	0.18 0.99%