AGL 38.51 Increased By ▲ 0.94 (2.5%)
AIRLINK 129.25 Decreased By ▼ -3.25 (-2.45%)
BOP 5.63 Decreased By ▼ -0.01 (-0.18%)
CNERGY 3.83 Increased By ▲ 0.06 (1.59%)
DCL 8.70 Decreased By ▼ -0.17 (-1.92%)
DFML 41.95 Increased By ▲ 0.95 (2.32%)
DGKC 88.50 Decreased By ▼ -1.66 (-1.84%)
FCCL 34.89 Decreased By ▼ -0.19 (-0.54%)
FFBL 66.79 Increased By ▲ 0.29 (0.44%)
FFL 10.52 Increased By ▲ 0.37 (3.65%)
HUBC 108.60 Increased By ▲ 2.20 (2.07%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.77 Decreased By ▼ -0.09 (-1.85%)
KOSM 6.98 Increased By ▲ 0.13 (1.9%)
MLCF 41.72 Decreased By ▼ -0.08 (-0.19%)
NBP 59.65 Increased By ▲ 1.07 (1.83%)
OGDC 183.65 Increased By ▲ 2.40 (1.32%)
PAEL 26.12 Increased By ▲ 0.42 (1.63%)
PIBTL 5.95 Increased By ▲ 0.12 (2.06%)
PPL 147.75 Decreased By ▼ -0.65 (-0.44%)
PRL 23.57 Increased By ▲ 0.35 (1.51%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.29 Decreased By ▼ -0.50 (-0.73%)
TELE 7.17 Decreased By ▼ -0.07 (-0.97%)
TOMCL 35.80 Decreased By ▼ -0.20 (-0.56%)
TPLP 7.74 Increased By ▲ 0.34 (4.59%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.41 Decreased By ▼ -0.44 (-0.87%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,809 Increased By 41.1 (0.42%)
BR30 29,711 Increased By 311.1 (1.06%)
KSE100 92,404 Increased By 466.4 (0.51%)
KSE30 28,856 Increased By 112.2 (0.39%)

The Ministry of Petroleum and Natural Resources has permitted two more oil and gas companies to carry out operations in Afghanistan, under Afghan Transit Trade Agreement (ATTA). Admore Gas (Pvt) Ltd, an oil marketing company in Pakistan, and Tryco, a US Company, have been allowed to carry out their operations in Afghanistan under ATTA, sources in the Ministry told Business Recorder on Thursday.
Both these companies would carry out handling, storage and marketing of POL products in Afghanistan, as Shell Pakistan has already been exporting lubricants to Afghanistan since January 2003, they added. Admore has 120 oil filling sites, and nearly 350 additional sites are very close to open, while about 100 sites are ready for installation of CNG equipment.
Tryco has been operating in Afghanistan for the last three years and is now a leading importer of petrol, diesel and aviation fuel to be used by government departments, Coalition forces, international organisations, some airlines and other large customers.
The company is also the exclusive agent in Afghanistan of Pakistan State Oil Company (PSO) and is considering to build a private refinery to produce petroleum products from imported and even Afghan crude oil.
Attock Petroleum Ltd began exporting lubricants to Afghanistan in 2003. The products include petrol, kerosene, aviation fuels, diesel and bitumen, and it reportedly supplied most of the bitumen for the Kabul-Kandahar highway. It is also constructing two petrol pumping stations in Jalalabad and has plans for two storage facilities, one in Jalalabad and one in Kabul.
The Afghan Investment Support Agency (AISA) has 21 registered importers of fuel, 12 of which are Afghan companies, three are Iranian, two are Afghan-American, and one Afghan-Pakistani.

Copyright Business Recorder, 2006

Comments

Comments are closed.