Tag: Output
Refinery output slides 6.3 percent
KARACHI - Pakistan's refinery throughput dwindled 6.3 percent to 5.1 million tonnes in February 2011, primarily because of a month-long plant closure of PARCO and operational issues for BYCO and PRL triggered by circular debt. However, refinery production stood at 673,000 tonnes in the stated period - exhibiting a massive annual rise of 20 percent. In addition, capacity utilisation hit a 14 months high, standing at 76 percent - a reflection of rejuvenated refinery margins. Improved
POL powers ahead as output rises
KARACHI - Steady gains in the output at TAL block, in which Pakistan Oilfields (POL) has a stake of 21 percent, is likely to further boost production during second half of the Financial Year 2011 as Mamikhel has already been connected with Manzalai.
Production at Maramzai started in early January this year but the facility has been shut down for an indefinite period due to security concerns. POL is scheduled to announce its financial results for the second quarter of FY11 on
Production at Maramzai started in early January this year but the facility has been shut down for an indefinite period due to security concerns. POL is scheduled to announce its financial results for the second quarter of FY11 on
Indian Basmati processor expects steady output
MUMBAI - Rice processor REI Agro Ltd is expecting its 2010-11 basmati rice output and exports to remain steady at last year's level and for revenues to grow due to higher prices, a senior company official said.
"Because of lower production of basmati, prices this year will remain firm," Managing Director Sundip Jhunjhunwala said. In the December quarter, the company was exporting basmati rice at around $1,400 per tonne, compared with $1,300-$1,325 per tonne during the same
"Because of lower production of basmati, prices this year will remain firm," Managing Director Sundip Jhunjhunwala said. In the December quarter, the company was exporting basmati rice at around $1,400 per tonne, compared with $1,300-$1,325 per tonne during the same
Oil refinery output falls by 9 percent
KARACHI - Based on provisional data, the country's refinery production in the first six months of the Financial Year (FY) 2011 (July-December) stood at 3.79 million tonnes, down nine percent annually. Moreover, GRM, a key determinant of profitability, in the second quarter of FY 2011 remained weak in quarterly terms, reflecting a poor outlook for the sector earnings in the second quarter.
Product wise analysis reveals that the decline is mainly attributed to a seven percent fall
Product wise analysis reveals that the decline is mainly attributed to a seven percent fall
OGDC future output set to fall
KARACHI - Oil production of the Oil and Gas Development Company (OGDC) is forecast to decline at an average rate of two percent annually from 13.34 million barrels in Financial Year 2010 to 13.10 million barrels in Financial Year 2014.
The drop in production is mainly expected as the reserves of major oil fields such as Chanda and Dakhni are depleting at a rapid pace.
However, gas production is projected to register an increase at the three-year compound annual growth rate
The drop in production is mainly expected as the reserves of major oil fields such as Chanda and Dakhni are depleting at a rapid pace.
However, gas production is projected to register an increase at the three-year compound annual growth rate
Cotton output estimated at 11 million bales
ISLAMABAD: Pakistan is expected to harvest a production of 11 million bales of cotton this year despite the biblical floods. This was assessed at a meeting of the Cotton Crop Assessment Committee held under the chairmanship of Minister for Food Nazar Gondal here on Monday.
The minister stated that efforts to boost cotton production for meeting domestic and industrial demand were underway. He added that usage of certified cotton seeds and agreement with Monsanto for the
The minister stated that efforts to boost cotton production for meeting domestic and industrial demand were underway. He added that usage of certified cotton seeds and agreement with Monsanto for the
Lack of bulldozers cripples agri output
KARACHI
The poverty stricken growers are undergoing serious difficulties to level their agricultural lands due to an acute shortage of earth leveling bulldozers, as only 80 bulldozers are functional, while 280 are lying out of order, it is reliably learnt.
The bulldozers are outdated and are well above their working life span, however, the Agriculture Department of Sindh has disturbingly repaired only 80 bulldozers, sources told Pakistan Today.
The provincial
The poverty stricken growers are undergoing serious difficulties to level their agricultural lands due to an acute shortage of earth leveling bulldozers, as only 80 bulldozers are functional, while 280 are lying out of order, it is reliably learnt.
The bulldozers are outdated and are well above their working life span, however, the Agriculture Department of Sindh has disturbingly repaired only 80 bulldozers, sources told Pakistan Today.
The provincial
