Memorandum of Understanding (MOU) between Pakistan National Shipping Corporation (PNSC) and ENAR Petroleum Refining Facility.
In pursuance to explore avenues for reduction in operational costs of the corporation, a Memorandum of Understanding (MOU) has been signed between Pakistan National Shipping Corporation and ENAR Petroleum Refining Facility on March 16, 2023.
ENAR Petroleum and Refining Facility will provide Very Low Sulphur Fuel Oil (VLSFO) for PNSC vessels. All PNSC vessels calling at Karachi Portwill lift fuel oil locally which will reduce PNSC’s dependency on lifting fuel oil from foreign Ports.
This arrangement comes at a time when Pakistan is facing acute shortage of foreign exchange reservesand will prove to be a step in the right direction to put a stop on drain of foreign exchange from the country.
Today we signed MoU with ENAR for the supply of VLSFO to PNSC vessels. Supply of VLSFO at
Pakistani ports in PKR will reduce FOREX outflow and support local industry inshaAllah.
