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SAFETY4SEA

Pakistan commits to completion of coastal oil refinery

by The Editorial Team
July 15, 2019
in Fuels
Port of Karachi
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According to the Associated Press of Pakistan (APP), the Government is ready to proceed to the anticipated multi-billion dollar coastal oil refinery by the end of 2019, aiming that a capacity of production of 250,000 barrels per day would be completed within the scheduled time-frame.

Specifically, the Association addressed that Pak Arab Refinery Limited (PARCO) has proposed to establish the state-of-the-art Coastal Refinery at Hub, Balochistan with an estimated cost of over $5 billion.

Under the project, expected to be completed by end 2023, around 250,000 BPD oil will be refined, which is equal to 13 million tons of petroleum products per year.

… a senior official privy to petroleum sector developments quoted to APP.

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Moreover, about 1,000 acres of land had been allotted for the project and have been ‘green-lighted’ from October 2007; However, the land remained suspended due to a funding problem.

Concluding, APP’s source added that the project is a step closer towards achieving  self-reliance in the oil production sector, he said, the government was making all-out efforts to upgrade existing oil refineries and establish new deep conversion facilities for meeting the country’s fuel requirements in a smooth manner.

Pakistan commits to completion of coastal oil refineryPakistan commits to completion of coastal oil refinery
Pakistan commits to completion of coastal oil refineryPakistan commits to completion of coastal oil refinery
Tags: oil and gas industryPakistan
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