Hammad announces introducing new refinery policy to separate FO from refineries

By: News Desk      Published: 06:07 PM, 26 Dec, 2021
Hammad announces introducing new refinery policy to separate FO from refineries

Federal Minister for Energy Hamad Azhar Sunday announced to introduce a new refinery policy for separating the furnace oil from refiners.

According to the 24News HD TV channel, Hamad Azhar in his fresh tweets said 6,000 tons of furnace oil is being extracted daily from refineries.

He said daily consumption of furnace oil will reach 13,000 in a few days as some refineries have started providing extra furnace oil to the IPPs.

The minister said the IPPs still have less than the required level of furnace oil.

Hammad Azhar said there was a shortage of furnace oil in the summer due to the low discharge of water in the dams.

The energy minister said Furnace oil used 116 per cent more in summer power generation than last year and resultantly, this year, 200,000 tons of furnace oil was imported for winter.

One of the reasons for the import of furnace oil was the possible default of LNG cargo, he said adding that fortunately, no more LNG cargo defaulted between November and December.

Reporter: Awais Kiyani