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Union Texas and Occidentals sign agreement with PSO.

Union Texas Pakistan Inc. & Occidental Petroleum (Pakistan) Inc. signed an agreement with PSO for handling crude oil exports from Port Qasim. PSO are building a major bulk oil installation at Pipri. A part of the Pipri Installation is being commissioned to provide this service. The Crude Oil Export programme began in December 1988 as only limited quantities of the Waxy, light Badin Crude Oil could be refined in the Karachi Refineries. At that time a limited facility was developed with one of the oil marketing companies for crude exports through a West Wharf berth of KPT. This involved trucking of crude through congested Karachi City traffic to West Wharf The crude oil will now be exported mainly from Port Qasim.

The Minister of Petroleum and Natural Resources and Special Assistant to Prime Minister Ch. Nisar Ali Khan, noting the constraint on crude oil Export from West Wharf, asked PSO to develop crude oil handling facilities at Port Qasim. The facilities committed to crude oil service involve a large investment of Rs. 180 million by PSO. Not only has an adequate outlet for crude exports been established, congestion at Keamari dry cargo berths will also be reduced.
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Title Annotation:Union Texas Pakistan Inc.; Occidental Petroleum; Pakistan State Oil Company Ltd.
Publication:Economic Review
Date:Feb 1, 1993
Words:196
Previous Article:Performance of Pakistan State Oil.
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