Shell Pakistan is focusing on expanding its business along with CPEC route, the company has decided to establish pipeline and RLNG terminal as well as modern retail outlets along China Pakistan Economic Corridor (CPEC) route.
During a press release the Chief Executive Officer (CEO) and Managing Director of Shell Pakistan, Haroon Rashid shared company’s plans and said it was investing in white oil pipeline scheduled to become operational by 2019, reported Express Tribune.
Pakistan would have an additional storage capacity of 120,000 tons when this white pipeline becomes operational in the country, he added.
The CEO also shared the company’s plans to construct state-of-the-art retail outlets along with CPEC route and the company is also working on introducing a new brand of lubricants in the future.
Mr Rashid has also highlighted the impact on tanker incident in South Punjab last June, which brought down the company’s market share from 16 percent to 8 percent. In order to eliminate the concerns of stakeholders the CEO said Shell Pakistan has also invested in a new fleet of tankers which has pushed the market share to 10 percent, it will further increase with additional 800 tankers joining the fleet in future, he added.
CEO Shell Pakistan said the chemical composition in motor gasoline was higher as well, however, the government has now set the limit a 40 mg which would be decreased further to 20 mg in June 2019 in order to enhance the petrol quality.
The company has paid to the affectees of tanker incident in South Punjab as well and committed to implementing effective safety measures so that these types of incidents do not happen again, he added.