PSO board approves renewal of SPA with ARL for 5 years
The Board of Pakistan State Oil Company Limited (PSO) has approved renewal of its Sale Purchase Agreement (SPA) with Attock Refinery Limited (ARL) for five years, from July 1, 2025, to June 30, 2030, with revised supply commitments and tighter controls over petroleum product quality, temperature and quantity measurement. According to a note submitted for the Board’s decision, the third addendum to the agreement aims to ensure continuity of petroleum product supplies from ARL while strengthening PSO’s commercial safeguards and reducing the risk of disputes over product quality and delivered volumes.