FWO Seeks to Recover $432 Million Pipeline Investment in 4 Years
Pakistan’s Frontier Works has sought to recover about $432 million invested in a proposed 437-kilometer white oil pipeline within four … Read More The post FWO Seeks to Recover $432 Million Pipeline Investment in 4 Years appeared first on ProPakistani .
The Frontier Works Organisation (FWO) seeks to recover approximately $432 million invested in a proposed 437-kilometer white oil pipeline through a guaranteed transportation tariff over a four-year period. The pipeline would transport petrol and high-speed diesel from Gatti in Faisalabad through Thalian near Rawalpindi to Tarujabba near Peshawar.
The tariff starts at $64 per tonne in 2029 and gradually decreases to $14.5 per tonne by 2058 as capital costs are recovered and debt is repaid. The project, developed by Frontier Oil Company, a subsidiary of FWO, Pakistan State Oil, and SOCAR, has received support from the Economic Coordination Committee and the federal cabinet.
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