Pakistan ups oil storage capacity

Published
0

KARACHI, Jan 15: Pakistan has increased its oil storage capacity to offset emergency demand should border tensions with India erupt into a war, an industry official said on Tuesday.

“We have increased the crude storage capacity to 20 days from the normal 15 days,” the official at a state-run refinery told AFP on condition of anonymity.

“We have also raised the throughput to 80 per cent from the normal refinery capacity utilization of 70 per cent,” he said.

“It is being done under a contingency plan in view of the prevailing border tension.”

Although the tension between the nuclear-armed rivals has eased after President Pervez Musharraf outlawed five militant organizations at the weekend, India has ruled out an immediate military de-escalation on its border.

Pakistan’s National Refinery Ltd. has the capacity to process more than three million tons of crude annually, and Pakistan State Oil can store about 800,000 tons.

Oil accounts for more than 44 per cent of Pakistan’s energy needs, and the country relies heavily on 18 million tons of imported crude and petroleum products from Middle Eastern markets.—AFP

Opinion

Editorial

After the talks
Updated 05 Oct, 2026

After the talks

Considering how close they came to a solution, govt and opposition teams should reconvene to give the talks another chance.
Child safety online
Updated 05 Oct, 2026

Child safety online

Pakistani children are spending more of their lives online, but the safeguards around them are not keeping pace.
Rising public debt
05 Oct, 2026

Rising public debt

Pakistan’s public debt has surged by 76pc to Rs86.7tr in four years, according to a new government report.
Yemen offensive
Updated 04 Oct, 2026

Yemen offensive

The best option, therefore, is for Muslim and Arab states to help restore the Saudi-Houthi ceasefire.
Growth transition
04 Oct, 2026

Growth transition

PRIME Minister Shehbaz Sharif’s recent call to move from stabilisation to growth, job creation and export ...
Protection at risk
04 Oct, 2026

Protection at risk

THE recent warning from UNHCR should alarm donor governments. Nearly 8.3m refugees and other forcibly displaced...