ISLAMABAD:

Hub Power Company has planned to build a Single Point Mooring (SPM) facility on the Hub coast for importing petroleum products for the state-run oil marketing company, Pakistan State Oil (PSO).

Hub Power also reveals that its oil and gas joint venture, Prime International, will participate in the upcoming bidding round for offshore exploration with partners and consortiums being formed for the purpose.

At present, Pakistan has only one SPM facility, set up by Cnergyico PK for transporting imported crude oil to the refinery. The SPM has an oil pipeline within sea, which takes crude oil to Cnergyico refinery.

Hub Power is working on an SPM proposal, however, its purpose will be to transport refined petroleum products to PSO for onward supply to dealers.

In a briefing for brok

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