PAKISTAN
Cnergyico Pk Limited (CPL) has informed the Pakistan Stock Exchange that its Board of Directors has ratified the execution of a Head of Terms agreement with Asia Petroleum Limited (APL) for the utilization of APL’s 14-inch pipeline system.
The decision was taken during the board meeting held on February 24, 2026. Under the proposed arrangement, CPL intends to use APL’s pipeline network for a period of 20 years to transport all of its High Speed Diesel (HSD) produced at its refineries and destined for the Zulfiqarabad Oil Terminal. The system will provide onward connectivity to the White Oil Pipeline (WOP) network and storage terminals at Port Qasim.
The agreement outlines the agreed commercial and regulatory framework for pipeline-based transportation. However, the execution of definitive agreement(s) remains subject to the fulfilment of certain conditions precedent, including required governmental and regulatory approvals, as well as completion of connectivity arrangements.
According to the company, the proposed pipeline-based transportation model is expected to significantly reduce reliance on road transport. This shift is anticipated to help minimize road congestion and accident risks, while strengthening supply chain reliability through direct refinery-to-terminal connectivity and access to the WOP system.
The development marks a strategic step toward enhancing operational efficiency and improving logistics infrastructure within Pakistan’s downstream oil sector. – ER News Desk
READ MORE
PAK HEI Consortium Advances Immersive Learning in Romania
INT’L COLLABORATION The ERASMUS+ Capacity Building in Higher Education (CBHE) initiative, under the flagship CATCH_VR…
Hundreds of Suspicious Degrees, Financial Irregularities Uncovered at Gomal University: Report
ACADEMIA Dera Ismail Khan: A major scandal involving alleged fake degrees, financial irregularities and embezzlement…
PKR 7.1 Billion Agri-Storage Financing Facility Launched to Strengthen Pakistan’s Agricultural Infrastructure
A landmark Rs7.1 billion social impact financing facility aimed at strengthening Pakistan’s agricultural storage infrastructure…
Pakistan, World Bank Discuss Human Capital Development, Skills and Healthcare Reforms
Federal Minister for Finance and Revenue, Muhammad Aurangzeb, held a meeting with a high-level delegation…
Over 100 SDOs, XENs Identified as Poor Performers Nationwide, May Face Action
Power Minister Orders Action Against Worst-Performing DISCO Officers; Suspensions Begin in PESCO and SEPCO Islamabad:…
72-kilometre section of N-5 Highway currently under construction to be completed by August 15
Court Orders Probe into Fatal Kotri Kabir Accident During Hearing on Poor Condition of National…