OCAC released the sales volumes for OMCs for 9MFY21. During the period, collective sales were recorded at 14.2mn MT up by (+16%/YoY) on the back of increasing transportation activities, pickup in auto sales, and FO demand hatching from power sector. Furnace Oil soared by (44%/YoY) clocking in at 2.3mn MT, while, High Speed Diesel (HSD)…
All posts tagged Oil sales
PetroTal recommences oil sales into the pipeline
CALGARY: PetroTal Corp. announced that social issues affecting the Northern Oil Pipeline (ONP), operated by Petroperu, have now been resolved. As a result, PetroTal has now recommenced oil deliveries at Saramuro (Pump Station #1), for sales into the ONP. The social disruption had impacted the ONP’s operations for 85 days and, as a result of…
Pakistan’s petroleum products sales decline 11 percent in FY20
KARACHI: Pakistan’s Oil Marketing Companies (OMCs) sales during the year ended June 30, 2020 witnessed a downfall of 11 percent to 16.41 million tons with the major contributor being Furnace oil (FO) which goes down by 36 percent in FY20, numbers revealed by Oil Companies Advisory Committee (OCAC) suggest. However, a total of 1.62 million…
PetroTal announces arrangement with Petroperu; oil sales contract terms extended to 3 years
HOUSTON: PetroTal Corp. has entered into an arrangement with Petroperu S.A. The arrangement will result in the Company’s liability to Petroperu in relation to the recent oil price movements being payable over a three year period, rather than at the point of sale of the oil. The arrangement has been structured to minimize the impact…
PetroTal signs oil sales contract with PETROPERU
CALGARY: PetroTal Corp., the Peruvian focused E&P company, announced an oil sales agreement with PETROPERU S.A., a state owned company, for oil production from the Bretaña oil field, operated 100% by PetroTal. Given the Company’s increased oil production from the Bretaña oil field in Peru, the oil sales agreement enables PetroTal to ship all oil…
Pakistan’s overall oil products’ sales decline 3.0% in October 2019
KARACHI: Pakistan’s overall petroleum, oil and lubricants (POL) sales in October 2019 clocked in at 1.6 million tons, down 3.0 percent compared with 1.65 million tons off-take recorded in the same month last year, data issued by Oil Companies Advisory Committee (OCAC) suggests. On sequential basis, POL sales reflected a 9.0 percent increase against 1.47…