Sale, purchase of POL products: ECC may okay PSO deal with OQ Oman
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is likely to approve sale and purchase agreement for petroleum products between Pakistan State Oil Company Limited (PSO) and OQ Trading Limited of Oman. In March, PSO and Oman Trading International engaged in constructive discussions to explore the possibility of providing additional oil cargoes to help Pakistan meet energy…
The Economic Coordination Committee (ECC) of the Cabinet is expected to approve a sale and purchase agreement for petroleum products between Pakistan State Oil Company Limited (PSO) and OQ Trading Limited of Oman. This comes after constructive discussions in March, where PSO and Oman Trading International explored the possibility of providing additional oil cargoes to help Pakistan meet energy demands.
Federal Minister for Petroleum Ali Pervaiz Malik met with Oman's Ambassador to Pakistan, Fahad Bin Sulaiman Bin Khalaf Alkharusi, to discuss regional energy dynamics and potential avenues for strengthening bilateral cooperation in the energy sector. Both sides highlighted their long-standing, cordial relations and reaffirmed Pakistan's commitment to expanding the bilateral energy partnership and exploring new areas of collaboration.
The ECC will also consider proposals related to wheat stocks, PIACL claims, an IC Award 2025, and a technical supplementary grant for the Greater Karachi Bulk Water Supply Scheme (K-IV).
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