PSO Signs MoU with KPT

Date: March 08, 2010
PSO Signs MoU with KPT

Karachi: A Memorandum of Understanding (MoU) was signed between Pakistan State Oil (PSO) and Karachi Port Trust (KPT) to jointly undertake a study to connect Keamari with Port Qasim through a white oil pipeline. The study would lead to a joint venture pipeline project between the two organizations which would result in a more effective and efficient mechanism of meeting the energy demands of the nation.

The MoU was signed at a ceremony arranged at PSO House. Mr. Irfan K Qureshi; MD PSO and Mrs. Nasreen Haque; Chairperson KPT represented their respective organizations at the occasion.

Speaking at the occasion, MD PSO, Mr. Irfan Qureshi congratulated the teams of PSO and KPT on this initiative and said, "The project is of great strategic importance in terms of enhancing operational efficiency at the ports. " He added, "It is expected to facilitate smooth handling of HSD with more security and flexibility."

The present POL handling capacity of Keamari Port is about 24 Million MT where as the FOTCO Jetty at Port Qasim has a designed capacity of 9 Million MT. It is expected that efficiency and flexibility shall be increased manifold if these two ports are connected to each other through integrated pipeline system.

On the successful completion of the study both organizations intend to develop a joint venture partnership for operation of the new proposed system.