White Oil Pipeline to be completed by 1st quarter of 2019: MD Shell

News Image

MG News | June 25, 2018 at 11:01 AM GMT+05:00

0:00

Managing Director Shell Pakistan Limited Jawwad Cheema has said that the new White Oil Pipeline will be completed by the first quarter of 2019, which will help strengthen the company’s supply chain process.

In a statement, he said that on its completion, the pipeline will have a capacity of 12 million tons of transporting oil from the port city Karachi to Machike; in district Sheikhupura a hub of oil depots in central Punjab.

Jawwad Cheema said that the project is the need of the hour for the country’s growing oil demands besides improving the safety standards of oil supply chain

He said that the company has decided to make significant investments of 5.5 billion rupees in oil sector in Pakistan besides this project.

He said that the government of Pakistan is evolving a policy for oil city in Gwadar and once the government will announce the policy, the private sector will come there to invest.

Related News

Name Price/Vol %Chg/NChg
KSE100 155,544.75
266.43M
0.72%
1105.06
ALLSHR 95,200.69
838.22M
0.56%
532.53
KSE30 47,520.29
134.36M
0.85%
400.39
KMI30 228,102.94
96.76M
0.87%
1977.23
KMIALLSHR 63,947.26
341.68M
0.60%
378.21
BKTi 41,771.25
70.89M
0.36%
148.42
OGTi 31,593.44
7.48M
0.33%
104.65
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,190.00 117,240.00
114,940.00
-2075.00
-1.77%
BRENT CRUDE 67.17 67.52
66.78
0.18
0.27%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-1.20
-1.41%
ROTTERDAM COAL MONTHLY 93.00 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.89 63.24
62.52
0.20
0.32%
SUGAR #11 WORLD 15.87 15.98
15.84
0.08
0.51%

Chart of the Day


Latest News
September 15, 2025 at 02:39 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


September 15, 2025 at 02:14 PM GMT+05:00

Saudi Riyal available at PKR 76 in open market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg