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

Posted on: 2023-12-12T09:50:18+05:00