Plan to import jet fuel, gasoline to plug supply gap SINGAPORE (Reuters) - Pakistans 100,000 barrel-per-day (bpd) joint venture Pak Arab Refinery Ltd (PARCO) has been totally shut down by severe floods and the government plans to import jet fuel and gasoline to plug the supply gap, traders said on Tuesday. Pakistan State Oil (PSO) is seen buying two jet fuel cargoes totalling 35,000 tonnes, and up to three parcels of gasoline totalling 105,000 tonnes for September delivery. It has sufficient gas oil inventories, trading sources said. About one-third of Pakistan has been hit by three weeks of devastating floods due to torrential monsoon rains, with waters stretching tens of miles from rivers. Apart from homes, the floods have swept away roads, bridges and telecommunications as well as reducing domestic fuel demand. Due to the disaster, PARCO , 60 percent owned by the Pakistan government and the remainder by the Emirate of Abu Dhabi through its Abu Dhabi Petroleum Investment Company (ADPI), has been shut for about two weeks. The plant the countrys largest is expected to resume production in mid-September. +ACI-Due to the refinery shutdown, the country is deficient in jet fuel and mogas, so it has to fill the gap through imports. But there are enough supplies of gas oil, so PSO is reducing import volumes for August and September,+ACI- said a trading source. The oil firm is also seeking two 16,500-tonne lots of jet fuel per month for Oct and Nov via tender, with an option for a third cargo in Nov. The tender will close on Sept. 15 with bids remaining valid for another two days. PSO is trimming its gas oil imports from Kuwait Petroleum Corp (KPC) by 100,000 tonnes a month in August and September. Its average import volume from KPC is about 300,000 tonnes a month. +ACI-We believe import volumes for PSO will go back to normal by October. The flood situation should improve by then,+ACI- said the trading source. Due to the floods, PSO has also declared force majeure on two cargoes one was a low-sulphur fuel oil cargo and the other a gas oil cargo, both for August delivery, traders said. KPC has been selling gas oil parcels diverted from Pakistan in the Middle East spot market over the last two weeks, putting pressure on diesel premiums, traders said. The cargoes were sold at premiums of +ACQ-1.00-+ACQ-1.10 a barrel to Middle East spot quotes last week, down from +ACQ-1.10-+ACQ-1.50 a barrel done the previous week, they added. KPC has also issued a tender to sell another 80,000 tonnes of gas oil for mid-September delivery due to cancelled cargoes from Pakistan, traders said on Tuesday. The firm is offering two 40,000-tonne cargoes of 500 ppm sulphur gas oil for Sept. 15-16 delivery and 0.2pc sulphur gas oil for Sept. 17-18 delivery.