PSO Board clears five-year SPA with higher petrol offtake
Under the proposed five-year Sale Purchase Agreement, PARCO’s monthly petrol and diesel volumes to PSO would rise sharply while furnace oil falls, subject to final board clearance.
PSO’s board is reportedly being asked to approve a renewed five-year Sale Purchase Agreement with PARCO.
Monthly RON 92 petrol would rise from 18,000 to 50,000 tonnes and HSD from 50,000 to 105,000 tonnes.
Monthly furnace oil would fall from 32,000 to 5,000 tonnes, or 60,000 tonnes a year.
RON 92 and RON 95 would meet Euro-5 specs; Jet A-1 would follow updated aviation standards.
ARL renewal is also before the board; Cnergyico’s is held back over an unresolved lawsuit.