From Daily Times · Attia Naveed · · 1m 10s
Kuwait Agrees to Maintain Pakistan's Fuel Supplies
Kuwait Petroleum Corporation and Pakistan State Oil agree to sustain fuel shipments to Pakistan amid energy security concerns.
In brief
Kuwait Petroleum Corporation and Pakistan State Oil agree to sustain fuel shipments to Pakistan amid energy security concerns. Kuwait Petroleum Corporation and Pakistan State Oil have agreed to maintain diesel and jet fuel supplies to Pakistan to strengthen energy security. Originally reported by Daily Times.
Fuel Supply Agreement
Pakistan State Oil and Kuwait Petroleum Corporation agree to maintain fuel supplies to Pakistan covering diesel and jet fuel shipments.
Energy Sector Expansion
Both organisations plan to expand cooperation across petroleum supplies, storage facilities, shipping, refining and lubricant businesses.
Five-Decade Partnership
The agreement reaffirms their five-decade partnership in the energy sector and aims to strengthen pakistan’s energy security.
Supply Review Mechanism
Both sides agreed to review existing supply conditions according to current market trends before implementation.
Customs Bonded Storage Policy
KPC plans to use pakistan’s storage and port facilities under the revised customs bonded storage policy for petroleum trade.
Documentation Process
Both sides must complete remaining paperwork with relevant pakistani departments before implementing the initiative.
Future Energy Opportunities
KPC explored possible investments in pakistan’s gas, refining, storage sectors and related energy infrastructure.
The bottom line
Kuwait Petroleum Corporation and Pakistan State Oil have agreed to maintain diesel and jet fuel supplies to Pakistan to strengthen energy security.
