a high risk of closure of refineries

Refineries warn of shutting operations from next month

Refineries warn of shutting operations from next month

ISLAMABAD: The country’s oil refineries have warned the government of a looming shutdown of their operations in a couple of weeks due to high and yet rising stocks of furnace oil. Informed sources said the refineries have reported to the government that the oil industry was currently holding about 400,000 tonnes of furnace oil. In…