Haris Zamir

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Pakistan Oct fuel oil exports jump 85% YOY as domestic demand falls

Nov 29, 2024 | spglobal.com | Haris Zamir |Nicholson Lim

Pakistani fuel oil exports in October jumped 85% year over year to 133,742 mt as domestic consumption dropped, according to data from the Oil Companies Advisory Council. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Fuel exports surged in the month as the government continues to seek cheaper alternative fuels to generate electricity, sources said. The export volume was also up from around 114,296 mt in September, the data showed.
Pakistan's 2025 crude oil imports expected to grow; product inflows steady

Nov 27, 2024 | spglobal.com | Haris Zamir

Pakistan refineries are expected to import 5% more crude oil in the financial year ending June 30, 2025, with the figure rising to 7% for the full 2025 calendar year, driven by a rebound in industrial production and economic growth, analysts based in the country said Nov. 26. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
Pakistan to draw down inventories with 120,000 mt fuel oil exports in Nov

Nov 20, 2024 | spglobal.com | Haris Zamir |Nicholson Lim

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Pakistan raises domestic natural gas prices for second time in four months

Feb 16, 2024 | spglobal.com | Haris Zamir |Eric Yep

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Pakistan approves new refining policy to boost Euro-5 fuels output

Aug 18, 2023 | spglobal.com | Haris Zamir

The Pakistan government approved a new refining policy under which existing refineries will be provided incentives for the duty-free import of machinery that can help boost production of Euro-5 grade fuels, a move that is expected to help cut product imports, government sources and analysts told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
Pakistan unveils oil storage plan to soothe currency, inventory woes

Jun 9, 2023 | spglobal.com | Haris Zamir

Pakistan crafted a proposal to encourage overseas crude suppliers to invest in storage facilities and hold inventories for local use as well as for re-export, a move that can ease the pressure on foreign exchange and ensure adequate domestic oil supplies, analysts and trade sources told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
Pakistan to receive Russian Urals crude for first time in small batches early June

May 30, 2023 | spglobal.com | Haris Zamir

Pakistan is scheduled to receive around 750,000 barrels of Urals crude over the coming days, which would mark the South Asian nation's first commercial-scale purchase of Russian crude oil as it looks to take advantage of steep discounts on the medium sour grade to save on energy import costs and dollar reserves, industry and government sources said over May 27-30. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.