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 organisations, which would result in a more effective and efficient mechanism of meeting the energy demands of the nation.
While speaking at the occasion, MD PSO, 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. 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 metric tonnes, whereas, the FOTCO Jetty at Port Qasim has a designed capacity of 9 million metric tonnes. It is expected that efficiency and flexibility will increase manifold if these two ports are connected to each other through integrated pipeline system.
On successful completion of the study, both organisations intend to develop a joint venture partnership for operation of the new proposed system