Total Parco buys storage depots worth Rs. 400 million from Hascol

MG News | February 15, 2018 at 12:16 PM GMT+05:00

0:00

In an announcement addressed to PSX, Hascol announced that it has entered in an agreement with Total Parco to buy assets worth Rs. 400 million from the company.

The assets include oil storage depots of Hascol at Sahiwal and Daulatpur, the agreement also ensure that the two companies will share the costs on throughput basis.

The Daulatpur Depot was recently inaugurated in August 2015 and is based on 7.5 acres of land purchased by Hascol.

Furthermore, the company informed that the transaction is subject to approval from Oil & Gas Regulatory Authority and other relevant bodies.

The company notice can be accessed here.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,447.30 475.39M	-0.17% -294.05
ALLSHR	102,982.88 1,173.30M	-0.19% -193.32
KSE30	51,831.63 203.62M	-0.19% -100.47
KMI30	244,113.60 135.80M	-0.60% -1472.20
KMIALLSHR	67,176.62 604.35M	-0.53% -355.23
BKTi	46,076.74 115.84M	0.89% 404.61
OGTi	33,962.36 11.67M	-1.09% -374.70

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,395.00	87,640.00 85,365.00	1410.00 1.64%
BRENT CRUDE	59.60	60.40 59.42	-0.96 -1.59%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.15 1.28%
ROTTERDAM COAL MONTHLY	95.75	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.86	56.70 55.69	-0.96 -1.69%
SUGAR #11 WORLD	15.01	15.03 14.86	0.06 0.40%