Sheikhupura: Shell Pakistan Limited (SPL) inaugurated the induction of new state of the art oil tankers to its Haulier fleet at Shell Terminal in Machike, Sheikhupura in Punjab, today.
SPL is committed to playing its role in road safety by inducting a total of 120 new compliant oil tanker into its dedicated haulier fleet to date with a plan for another 100 by December 2018.
The event was attended by Oil and Gas Regulatory Authority (OGRA), DG Oil, Member Oil, Senior officials from Rescue 1122 and National Highways and Motorway Police (NHMP) along with media. An overview of the Downstream value chain was presented that demonstrated the role of each individual in ensuring the safe operations of the Oil & Gas Industry in mobilizing the nation.
“By investing in the addition of these tankers, the total number of Shell dedicated haulier fleet has now increased to 630, which places SPL in a leadership position with regards to compliant fleet in the Industry. Being the oldest multi-national in the country, we have always been at the forefront in introducing international products, offering and standards to the Pakistani market,” said Jawwad Cheema, Managing Director, Shell Pakistan Limited.
SPL was the first company to bring in ADR standards to Pakistan in 1998, setting industry standards in transportation and handling of oil products, with its global safety requirements being shared and adopted across Pakistan’s supply chain.
Last year, Shell engineers worked with an OEM in China to develop enhanced tank lorry designs that comply with the country’s, international and OGRA’s required fleet standards. The supplier modified existing tank lorry designs and developed compliant tank lorries at competitive rates with reduced lead time for delivery to Pakistan. These tank lorries are now being inducted across the industry, increasing the number of country standard compliant fleet in the country.
The multi-grade conversion of the white oil pipeline of which SPL is the largest private shareholder, is scheduled to be ready by 2019 will significantly reduce primary movement of fuel by road. Owing to Pakistan’s geography, road transport will continue to exist for secondary transport and investment in safe transportation is essential to make the roads of Pakistan safer.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations” respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. There can be no assurance that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this announcement. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2016 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, June, 23, 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
We may have used certain terms, such as resources, in this announcement that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov