EFERT secures increased gas allocation from Habib Rahi Limestone reservoir

Engro Fertilizers Limited (PSX:EFERT) is to  receive an enhanced gas allocation of 105 MMscfd from the Habib Rahi Limestone (HRL) reservoir for its Base Plant, which the Government of Pakistan has approved.

Previously supplied on an as-available basis, the gas volume has now been formally allocated to the company, the company’s statement on PSX revealed today.

The government has also approved that, in the event of natural depletion of the HRL gas reservoir, Mari Energies Limited may backfill the depleted volumes from its existing consumers, including Engro Fertilizers, using the Ghazi/Shawal reservoir.