Fertilizer Markets and Finance

ISLAMABAD - It has seemingly transpired to have occurred under the contemporary circumstances that the ill-minded heads at the Ministry of Petroleum and Natural Resources (MPNR) are not ready to mend their fences, at any cost.

The prior statement has its justification coming from the utmost fact that in a devilish bid to avoid, better name it ‘hush up’ a likely loss of the worthy Rs100 billion to GDP, the MPNR has decided to ensure continuous gas supply to the four fertilizer plants located in SNGPL region through a dedicated transmission system including construction of 1,000km long pipeline which will cost around $300-400million.

Available summary drafted by the MPNR comprising both long and short term plans, secretively obtained by this newspaper, in a highly exclusive exercise, has disclosed that the MPNR is set to seek approval of the Economic Coordination Committee (ECC) of the cabinet to make certain uninterrupted gas supply to the fertilizer plants. Viewing the urea production loss on account of non-supply of gas, the MPNR has further projected two plans in the summary to warranty the smooth gas supply to the fertilizer plants. Even, the ministry has called for diverting 45-55MMCFD-gas supply from the industrial sector to Pakarab Fertilizer and Dawood Hercules, which will further increase gas outages by one day a week as the industrial sector is already bearing heavy brunt of two-day gas holidays in a week for a long time.

The MPNR has so far circulated the summary to Finance, Law & Justice and Planning Development Divisions and Ministries of Water & Power and Industries.

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