New refining policy to slash furnace oil output by 78%
KARACHI: Pakistan’s newly-approved Brownfield Refining Policy will lower the output of furnace oil, a high-sulfur fuel, of all refiners by 78% to 3,400 tonnes per day from the current level of 15,500 tonnes per day, The News reported on Friday The policy envisages a massive reduction in the FO production capacity of all refineries after upgraded local refineries produce more petrol and …