PSO to import 3.5 million tonnes of diesel from Kuwait

Pakistan State Oil (PSO), the country's largest fuel supplier, will import 3.5 millions tonnes of diesel from Kuwait next year, sources in PSO said on Tuesday. "We have had a long-term contract with Kuwait Petroleum and usually import between 3.2 million tonnes to 3.3 millions tonnes," said a PSO official. "But just to be on the safe side, we are importing 3.5 million tonnes for next year," the official said.
One industry source said that PSO was not expected to get a lower premium for its 2010 supplies from state-run Kuwait Petroleum Corporation (KPC), despite the heavy stockpiles that have plagued the global market for most of this year. The supplies are for the January-June period, rather than for the whole year, the source said.