Karachi December 31 2021: PRL has decided to restart the Refinery operations from 1st January 2022.
PRL had temporary shut down its refinery operations owing to operational and ullage constraints.
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For winters, 200k tonnes has been imported due to: a) higher demand projection b) risks of further LNG cargoes default c) low stock levels at IPPs. Fortunately no further defaults of LNG cargoes took place in nov-dec period therefore FO plants did not need to run.
Now the FO plants are running because of lowering flows from dams (canals closure) and consuming 13,000 tonnes/day of FO. Local refineries produce only half that volume and IPPs stocks levels are still below the required levels.
Therefore the country is well stocked on FO in case of further LNG defaults. The surplus at some refineries is going to IPPs as FO consumption is already above 6000 tonnes/day.
