HTL plans oil storage expansion in Sindh

HTL is set to broaden its footprint in the energy sector by establishing a new oil storage facility in Sindh. The company has successfully acquired the necessary land to facilitate this development, which serves as a strategic move to enhance its Oil Marketing Company (OMC) segment. This infrastructure project is expected to strengthen the company's supply chain capabilities within the province, allowing for more efficient distribution and storage of petroleum products. By investing in local storage capacity, HTL aims to improve its operational reach and better serve the growing energy demands in the region. The acquisition represents a key milestone in the company's broader strategy to scale its OMC operations across Pakistan, with Sindh serving as a primary hub for this expansion. Further details regarding the construction timeline and storage capacity of the new depot are expected to be released as the project progresses.