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 brokerage houses arranged by Topline Research, the management of Hub Power said that it was considering building SPM on the Hub coast for the import of petroleum products for PSO.     The plan involves using available storage tanks and transporting products through the Asia Petroleum Pipeline – in which PSO has a 49% stake – to Zulfiqarabad, where it connects with the White Pipeline that extends to the north. The company will be forming a joint venture-type structure for this transaction.      The management explored different options for its base plant in Hub, which has a huge piece of industrial land spread over 1,100 acres.      The options include setting up an aluminium smelter, which is an energy-intensive business and can help address Pakistan's surplus energy issue, while allowing Hubco to use its existing base plant as a backup. Since the site is located with land and sea transportation infrastructure, they will be able to easily import alumina (the raw material).dcebooklinkded (ICE ISLAMABAD)

Fonte notizia: express tribune