| GEO Business|
| PSO floats tenders to buy 750,000 tons furnace oil|
| Updated at: 1814 PST, Friday, December 04, 2009|
KARACHI: Pakistan State Oil (PSO) has issued tenders for purchasing 750,000 tons furnace oil.
PSO sources said purchase transaction for 585,000 tons furnace oil will be made on immediate basis while the final decision for purchase of 130,000 tons oil will be made after receiving the bids.
The purchase of furnace oil in such a large quantity is being made for meeting the requirement for January-February during which use of furnace oil for power generation increases.