In pursuance to explore avenues for a reduction in operational costs of the corporation, a Memorandum of Understanding (MOU) was 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 Port will lift fuel oil locally, reducing PNSC’s dependency on lifting fuel oil from foreign Ports.

This arrangement comes when Pakistan is facing an acute shortage of foreign exchange reserves and will be a step in the right direction to put a stop on the drain of foreign exchange from the country.

Today we signed MoU with ENAR to supply VLSFO to PNSC vessels. Supply of VLSFO at Pakistani ports in PKR will reduce FOREX outflow and support local industry inshaAllah.