AIRLINK 195.50 Increased By ▲ 3.66 (1.91%)
BOP 10.17 Increased By ▲ 0.30 (3.04%)
CNERGY 8.00 Increased By ▲ 0.33 (4.3%)
FCCL 38.42 Increased By ▲ 0.56 (1.48%)
FFL 16.00 Increased By ▲ 0.24 (1.52%)
FLYNG 25.48 Increased By ▲ 0.17 (0.67%)
HUBC 131.15 Increased By ▲ 0.98 (0.75%)
HUMNL 13.92 Increased By ▲ 0.33 (2.43%)
KEL 4.67 No Change ▼ 0.00 (0%)
KOSM 6.33 Increased By ▲ 0.12 (1.93%)
MLCF 45.30 Increased By ▲ 1.01 (2.28%)
OGDC 210.35 Increased By ▲ 3.48 (1.68%)
PACE 6.68 Increased By ▲ 0.12 (1.83%)
PAEL 41.20 Increased By ▲ 0.65 (1.6%)
PIAHCLA 17.83 Increased By ▲ 0.24 (1.36%)
PIBTL 8.14 Increased By ▲ 0.07 (0.87%)
POWER 9.35 Increased By ▲ 0.11 (1.19%)
PPL 181.60 Increased By ▲ 3.04 (1.7%)
PRL 40.31 Increased By ▲ 1.23 (3.15%)
PTC 24.70 Increased By ▲ 0.56 (2.32%)
SEARL 110.89 Increased By ▲ 3.04 (2.82%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 38.75 Decreased By ▼ -0.36 (-0.92%)
SYM 19.25 Increased By ▲ 0.13 (0.68%)
TELE 8.71 Increased By ▲ 0.11 (1.28%)
TPLP 12.40 Increased By ▲ 0.03 (0.24%)
TRG 66.47 Increased By ▲ 0.46 (0.7%)
WAVESAPP 12.50 Decreased By ▼ -0.28 (-2.19%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.99 Increased By ▲ 0.04 (1.01%)
BR100 12,090 Increased By 159.8 (1.34%)
BR30 36,121 Increased By 461.6 (1.29%)
KSE100 114,976 Increased By 1769.5 (1.56%)
KSE30 36,149 Increased By 583.8 (1.64%)

KARACHI: State Minister for Petroleum Musadik Malik on Wednesday said that crude oil supply from Russia to Pakistan will start by the end of this month.

Also, he assured that the domestic gas consumers of Karachi will get adequate gas supply during Sehri and Iftari timings.

In his media talk after convening a meeting with business community at Karachi Chamber of Commerce and Industry (KCCI), Musadik said negotiations with Russia are going forward on a fast track basis, and the first cargo shipment will reach Pakistan by the end of April.

Malik said the country is facing gas shortages these days, as indigenous resources are fast depleting. The total gas production is around 16,00 mmfcd whereas demand is much higher. The government is trying to manage this issue with a blend of local and imported fuel.

To a query, the minister said that new gas connections will remain suspended as long as the gas availability issue is not resolved.

“I have been conducting stakeholders meetings to find a better solution.”

I am going to hold a meeting with Sui Southern Gas Company (SSGC) management this evening and ask them to ensure gas supply to domestic consumers especially during the Sehri and Iftar timings.

Copyright Business Recorder, 2023

Comments

Comments are closed.