OGRA consents to HASCOL and TPPL's joint operations in Sahiwal and Daulatpur

MG News | March 08, 2019 at 09:57 AM GMT+05:00

0:00

March 8, 2019 (MLN): Oil and Gas Regulatory Authority (OGRA) has granted its approval to Hascol Petroleum Limited (HASCOL) for sharing its storage facilities with Total Parco Pakistan Limited (TPPL) located in Sahiwal and Daulatpur - official announcement.

Last year on February 15, 2018, HASCOL had entered into a Joint Operations Agreement with TPPL wherein TPPL was to buy assets worth Rs.400 million from HASCOL at its Sahiwal and Daulatpur oil storage depots.

In an announcement to the Pakistan Stock Exchange (PSX), HASCOL had announced that both the companies were to undertake their operations jointly at Sahiwal and Daulatpur oil storage depots and share the costs on throughput basis.

This transaction was subject to the approval of OGRA.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,305.00	118,295.00 116,115.00	1480.00 1.28%
BRENT CRUDE	68.26	68.32 67.34	0.31 0.46%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.50	94.50 94.50	0.95 1.02%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.02	64.11 63.11	0.32 0.50%
SUGAR #11 WORLD	16.09	16.27 16.07	-0.18 -1.11%