Pakistan State Oil (PSO) has signed an agreement with China East Resource Import and Export Corporation (CERIECO) to maintain seamless supply of high speed diesel (HSD) to Thar Mining Project Block II. The deal is of a major significance as it ensures uninterrupted work on the Thar mining project which is part of the China-Pakistan Economic Corridor (CPEC). "The project is also listed among the prioritised projects of the CPEC," said a PSO statement on Thursday.
CERIECO is the Engineering Procurement and Construction and Operations & Maintenance contractor of Sindh Engro Coal Mining Co (SECMC). The signing ceremony was recently held here at PSO House. PSO General Manager Consumer Business Raja Imranullah Khan and Project Director CERIECO LiKan signed the agreement. Others present were Director Mining SECMC Abul Fazl Rizvi and PSO officials. The contract is for the entire project period of the EPC stage between CERIECO and SECMC and the O&M contract period between the same parties.
Speaking on the occasion, Raja Imranullah Khan said: "PSO, being a responsible and Pakistan's primary oil marketing company, understands the crucial role of smooth fuel supplies play in keeping the country running and progressing",
PSO has always strived to ensure smooth fuel supplies in the country so the wheel of industry never stops moving and daily life goes on interrupted, he said. The agreement with CERIECO is yet another testament to PSO's continued commitment to fulfilling the energy needs of Pakistan. -PR