ISLAMABAD – The Oil smuggling from Iran continues unabated and is now available in all nooks and corners of Pakistan forcing the refineries to drastically reduce their production. Attock Refinery on Monday forced to shutdown it’s main distillation unit reducing it’s capacity to only 33 %. The ongoing rampant smuggling and now proposals of oil pricing deregulation without consultation of all stake stakeholders may jeopardize refineries’ upgradation plans which were expected to bring in $ 5 – 6 Billion investment following recent approval of Refineries Upgradation Policy. ENDS
