Ogra permits Cnergyico to export 40,000 tonnes of furnace oil

The Oil and Gas Regulatory Authority (Ogra) has allowed Cnergyico Pakistan Limited to export up to 40,000 metric tonnes of furnace oil during June 2026, according to an official regulatory communication.

The approval followed a meeting of the National Committee on Monitoring of Commodities held a day earlier.

Cnergyico’s export authorisation is subject to the fulfilment of domestic market requirements and compliance with the approved upliftment plan.

Ogra also directed the company to maximise loading flow rates to ensure that cargo operations are completed within the designated discharge window.

The decision follows an earlier approval granted to Pak Arab Refinery Limited on June 1 for the export of 100,000 metric tonnes of furnace oil during the same month.

Under that approval, Parco may export 100,000 metric tonnes with a tolerance of plus or minus 10%.

The Parco shipment is also subject to domestic demand requirements and oversight by the relevant government authorities.

Ogra advised Parco to increase its loading rate so that the cargo could sail within the specified discharge window.

Industry officials said refineries were seeking export approvals to reduce furnace oil inventories and maintain operations as Pakistan’s power sector continued shifting towards other fuels.

Ogra has granted similar permissions to refineries in recent months, with approvals linked to local upliftment requirements to ensure that furnace oil exports do not affect domestic supplies.