Expanding OMC operations: HTL to develop oil storage depot in Sindh
Business Recorder • • 1 min read
Hi-Tech Lubricants (HTL) has bought roughly 8.7 acres of land in Daulatpur, within Shaheed Benazirabad (Nawabshah), Sindh, to build an oil storage depot. According to Business Recorder, the company informed the Pakistan Stock Exchange of the purchase in a notice on Wednesday. The depot forms part of a broader plan to expand its fuel retailing presence throughout the province.
The company said the depot would secure fuel supplies for its Sindh outlets, shorten transport routes and make room for more stations. HTL described the site as a strategic milestone that would deepen its footprint in southern Pakistan.
The company expects the facility to support growth in its OMC business and widen its geographic spread. Completion of the expansion depends on all applicable regulatory approvals being secured, and development will follow requirements set by OGRA and other relevant authorities.
At a glance
- HTL acquired about 8.7 acres of land in Daulatpur, Shaheed Benazirabad, Sindh.
- The depot will support storage and supply for the company's planned Sindh retail fuel stations.
- The expansion is subject to all applicable regulatory approvals and development requirements.
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Originally reported by Business Recorder
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