The procurement proposals were approved at today’s (April 4) meeting of the Cabinet Committee on Economic Affairs.
The meeting reviewed three proposals from the Energy and Mineral Resources Division and approved them in principle.
In response to the first proposal, the meeting decided to import 10 lakh MT of En590-10 PPM diesel and 100,000 MT of octane (95 unleaded gasoline) from DBS Trading House FZCO, which was selected as the supplier through the direct procurement method (DPM) under international purchase.
Another proposal was to procure 100,000 MT of 50 PPM sulfur diesel from Maxwell International SPC through the direct procurement method under international purchase.
The meeting approved a proposal in principle to import 500,000 MT of High Speed Diesel (AGO) from Kazakh Gas Processing Plant LLP, under the same procurement approach.
Cabinet officials said the proposals were approved to ensure the country’s fuel supply amid unstable geopolitical conditions triggered by the Middle East conflict.
