PSO inks fuel supply agreement with Pakistan Railways

Wednesday 14 June 2017 2 months ago 80   Islamabad   Print

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Report  Web desk : ISLAMABAD: Pakistan’s leading oil marketing company, Pakistan State Oil (PSO), has further strengthened its business relationship with Pakistan Railways with the signing of a major Fuel Supply Agreement yesterday under which PSO will meet their fuel and lubricants requirements in their entire entirety. After a stringent, transparent and competitive process, PSO successfully secured the contract of supplying High Speed Diesel (HSD), Furnace Oil (FO), Lubricants and Greases business for a five-year period to Pakistan Railways. The agreement was signed by GM Lubricants & Chemicals PSO, Mr. Qasim Zaheer and Chief Controller of Purchase Pakistan Railways, Mr. Syed Mir Badshah. Present at the signing ceremony were Managing Director PSO, Mr. Sheikh Imran-ul-Haque, Minister Railways, Mr. Khawaja Saad Rafique, Minister of Petroleum and Natural Resources, Mr. Shahid Khaqan Abbasi, Secretary Petroleum & Natural Resources, Mr. Sikander Sultan Raja and various other senior executives from both the organizations. Kh. Saad Rafique, Federal Minister for Railways added,” Pakistan Railways is working for long term agreements with big national and international suppliers to make the system effective. The Fuel Supply Agreement between Pakistan Railways and PSO is not only cost effective but also help to reduce the repetition of work. (01)