Attock Refinery shuts down two units amid fuel stockpile

MG News | December 12, 2023 at 09:50 AM GMT+05:00

0:00

December 12, 2023 (MLN): Attock Refinery Limited (PSX: ATRL) has decided to temporarily shut down two of its crude distillation units to manage refinery operations due to an extremely high stock buildup of Premier Motor Gasoline (PMG) and high-speed Diesel (HSD), company’s filing on local bourse revealed today.

The high levels of stockpiles are attributed to a depressed dispatch pattern for the current month of December 2023, resulting in very little to no ullage in storage tanks, particularly for PMG.

Accordingly, the company will now operate at a throughput of about 60%. This if continued would result in curtailment of crude intake from oilfields with adverse effects on associated gas as well.

“It has also been intimated to OGRA that surplus inventories of products are available to meet the market demand,” the notice further added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,385.00	80,580.00 79,370.00	40.00 0.05%
BRENT CRUDE	100.76	102.92 99.55	0.70 0.70%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	107.75	107.75 106.20	2.75 2.62%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	95.02	98.64 93.82	0.21 0.22%
SUGAR #11 WORLD	14.56	14.65 14.51	0.02 0.14%