The government initiated the inquiry against the gas companies heads over “concealing facts about the compressors”. A senior government official said due process would be followed to remove the heads of the two gas companies. The official pointed out that the country’s furnace oil production was 10,000 tonnes per day, and that total stocks exceeded 500,000 tonnes. Other officials said PSO had imported furnace oil in bulk, which also resulted in piling up of the stock of furnace oil. Even the power sector was not lifting furnace oil, while the oil refineries cut their production, which led to the reduction in local oil and gas production by producers.

Source: The Express Tribune January 09, 2019 13:01 UTC