Trade Chronicle May June 2017

TRADE CHRONICLE
Fertiliser manufacturers have
asked the government to
extend the urea export
deadline until December
2017 to be able to get rid of
their surplus production.
“We urged the government to
extend the deadline in April,
but they haven’t responded,”
Engro Fertilizers Limited
CEO Ruhail Mohammed said in a
company statement recently.
The government had allowed local
manufacturers to export 300,000
tons of urea by the end of April 2017.
At the end of the first quarter of
calendar year 2017, only Engro
Fertilizers had exported the urea to
Engro Polymer launches
community health campaign
As part of CSR strategy, Engro
Polymer & Chemicals has started a
Community Health Campaign with
the aim at improving health
conditions of poor communities by
o r g a n i s i n g f r e e
h e a l t h / m e d i c a l
c h e c k u p c a m p s
regularly throughout
the year on different
d i s e a s e s l i k e ,
Maternal & Neonatal
Health/Nutrition, Eye, Skin,
Diabetes, Free Blood Tests, Bone
Mass Density, Hypertension &
Dental issues etc. The first medical
camp was organised by Engro
Polymer with a professional medical
team of Sehat Kahani-specialized in
female healthcare services provider,
catering 11 doctors, gynaecologist &
ultrasound technicians for the
community/villagers of Ghaghar
Phattak, National Highway.
The medical camp was inaugurated
by Jahangir Waheed - Vice
Company News
Eastern Africa
r e g i o n a t a n
estimated Freight
on Board (FOB)
price of $230-240
per ton.
Local producers
are looking at
e x p o r t
opportunities in
various regions including East
Africa, Afghanistan and India
amongst others. The international
urea prices are expected to remain
under pressure after a short-lived
relief at the beginning of the year
due to increase in demand from
North America ahead of corn
season in the region, according to
President Manufacturing (EPCL)
along with local community
leaders. Apart from conducting
free medical checkup free
ultrasound facility was also
provided to the community
patients. Medical team also guided
them about best practices to
improve mother and
child health and to
p r e v e n t s e v e r a l
d i s e a s e s .
Approximately 300
p a t i e n t s w e r e
benefitted with free
medical checkup while 125
patients were provided free
ultrasound facility.
These health camps in the remote
and poor localities like villages of
Ghaghar Phattak area will not only
create awareness amongst the
community about preventive
measure to counter different
diseases but would also analyze the
trend of the diseases to plan the long
term health strategy to improve
community health conditions.
CEO of Engro Fertilizers wants
extension in export deadline
a Taurus Securities report.
“There is no reason to panic if the
government allows the export of
500,000 tons to 600,000 tons of
surplus urea. At present, the industry
has an inventory of about 1.5 million
tons of urea,” said Ruhail
Mohammed. He added that the urea
demand is expected to remain
similar to last year or around 5.5-5.6
million tons by the end of this year.
Farmer economics improved in
2016 compared to 2015 and the
situation is expected to remain the
same in 2017 which would keep the
urea demand flat, he added.
PPL: Kandhkot
gas sales increases
In line with its commitment to
Government of Pakistan to
enhance gas production, Pakistan
Petroleum Limited (PPL) achieved
a breakthrough by increasing gas
from Kandhkot Gas Field (KGF) to
230mmscfd ahead of time and is
ready to ramp it up further to
250mmscfd when required.
The field was earlier
supplying an average of
180mmscfd gas to Guddu
Thermal Power Station.
The company has plans to
drill seven development
wells in KGF during this
year.
PPL has recently increased
production through optimizing
r e s e r v e s r e p l a c e m e n t a n d
development efforts from mature
fields, including Sui, Kandhkot
and Adhi, notably achieving a
major milestone of net production
crossing the 1 bcfe/day.
TRADE CHRONICLE - May.~Jun. 2017 - Page # 26