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References in periodicals archive ?
This decision will ease pressure on refineries which have been on verge of shutdown due to non-lifting of furnace oil and crippled production of JP1 and JP8 fuel for aviation industry and the airforce.
Technical audit is, therefore, essential to find out if the very expensive power plant is actually designed for continuous operation on furnace oil. This option should be available for immediate operation and whenever natural gas is unavailable or too expensive, said engineers.
Oil companies make up for their losses on cooking fuels such as LPG and kerosene through the sale of products such as furnace oil, aviation turbine fuel and bitumen at market prices.
At present, Pakistan State Oil imports furnace oil to meet the power sector's requirements.
This was mainly led by a comparatively better performance in its furnace oil production, where it witnessed a YoY decline of 5 percent versus an average 20 percent decline experienced by the industry.
But the latest POL reserves data reveals that the country currently possesses strategic reserves of petrol for six days and of furnace oil for nine days against last year's petrol reserves for 20 days' consumption and furnace oil for 21 days.
The major user of furnace oil is Wapda which is consuming around 234,000 tons at Jamshoro.
The official said all furnace oil stocks have been consumed in December and January due to low gas supplies and the government now plans to lift ban on import of furnace oil to build stocks for summers.
The petroleum division proposed that the power division should arrange at least some furnace oil based plants to account for 10,000 tonnes per day of local production throughout the year, especially Hub Power Company and Attock Generation to take care of production from Karachi and Rawalpindi based refineries respectively.
NAB officials produced Qaisar Abbas in the court saying that the accused was involved in corruption of furnace oil of the plant and he played instrumental role between owners of the oil tankers and some office bearers of Wapda employees Union.
The National Electric Power Regulatory Authority (Nepra) had already increased the tariff by Rs1.25 per unit for May 2018 because of reliance on furnace oil and slowdown in the import of cheaper liquefied natural gas (LNG) due to delay on the part of power producers in placing a firm order.Now, the power tariff is likely to be raised by Rs0.70 per unit for June and in this regard, the regulator will hold a public hearing on July 24 to take a decision.
Gas based generation also went up by 5.6% month on month, however, hydel, furnace oil, RLNG and nuclear based generation decreased by 9.3%, 74.5%, 55.1% and 24.3%, respectively.