PSO, KPC to explore investment in Pakistan’s gas, refining and shipping
Mettis Global • • 1 min read
Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) plan to examine opportunities in Pakistani gas, refining, storage, shipping and logistics, Mettis Global reported on November 13. The companies will maintain existing Kuwaiti gasoil and jet-fuel supplies while updating commercial terms to reflect current market conditions.
Their discussions also covered potential motor gasoline and petrochemical supplies, plus cooperation on base oil and lubricant marketing. KPC is considering using Pakistan’s storage and port facilities under the revised Customs Bonded Storage Policy, with products eligible for local sale or re-export; government bodies still need to complete the required procedures. The two companies described investment and infrastructure development as priorities in their expanded partnership.
At a glance
- PSO and KPC will explore investment in gas, refining, storage and shipping.
- Existing gasoil and jet-fuel supplies from Kuwait will continue under revised commercial terms.
- KPC is considering Pakistan’s bonded storage and port facilities.
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Originally reported by Mettis Global
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