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May 31, 2008 Saturday Jamadi-ul-Awwal 25, 1429



PSO to buy 450,000 tons of gas oil


SINGAPORE, May 30: Pakistan State Oil (PSO) has tendered to buy up to 450,000 tons of gas oil for delivery during June to October, the tender document showed on Friday.

PSO is seeking three second-half June delivery cargoes, each of 50,000 tons, in addition to three lots of similar size for delivery during July to September.

It also has an option for taking delivery of three 50,000 tons parcels between July and October, the document showed.

Earlier this month, PSO tendered to buy 500,000 tons of low sulphur fuel oil for delivery from June to September, up nearly two thirds from its previous purchase due to severe domestic power shortages.—Reuters







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