Lucky Oil Traders
OIL INDUSTRY GROWTH
Historically the demand of petroleum products has been increasing at an average rate of 7.5 percent per year (last 4 years 4.25 %). The long term growth estimates have been forecast to range between at 4.5 to 5%. The maximum growth of 9% has been forecast in oil and gas consumption in the transport sector.
The consumption of furnace oil however, is expected to double itself mainly in power generation. There are several refinery projects in different stages of development which when reach maturity shall considerable increase the country’s refining capacity. The recent overhauling of Pakistan Refinery Limited (PRL) and Park-Arab Refinery Limited (PARCO) production units have enhanced production of HSD & FO during Jul- 2009, which was up by 21 percent and 26 percent as against corresponding months of last year respectively. But, these are deficit products as their local production meets only 47 percent and 45 percent of the local demand for HSD and FO, respectively. Hence, in the meantime the growing needs for petroleum products will have to be met from additional imports of refined products as well as increase crude imports for the new refineries.
The existing infrastructure in the country is not adequate to bear the burden of the large volumes which are envisaged at the term of this millennium. For storage, transportation and distribution of the additional quantities of oil, additional facilities on the continuing basis need to be introduced before the existing facilities become so incapable that the consumers bear the cost of Shortages & non-availability in the market. In addition to the injection of adequate and modern facilities, the consumer will look for innovative marketing techniques and safe and friendly products to satisfy their sophisticated demands & concern about pollution and ecological imbalance. The petroleum industry must prepare itself to meet the challenges of free market and discerning consumers of the new era.
LUCKY SPORTS PROMOTION
A sport is commonly defined as an organized, competitive and skillful physical activity requiring commitment and fair play. It is governed by a set of rules and customs. In a sport the key factors are the physical capabilities and skills of the competitor when determining the outcome winning or losing