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Byco: The Nation’s Largest Oil Refining Firm Is Also Pakistan’s Only Vertically Integrated Petroleum Firm

By Shehryar Ahmad

In a short span of just two decades, Byco Petroleum has become the largest oil refining firm of Pakistan. Earlier this month, Byco re-commissioned its second oil refining complex, ORC-2, which is the single largest refinery in the country, with a production capacity of 120,000 barrels per day (bpd). In addition to Byco’s original oil refining complex, ORC-1, which was commissioned in 2004 with a current refining capacity of 35,000 bpd, Byco’s oil refining capacity has now reached 155,000 bpd, which is unrivalled in Pakistan.

Engaged in the business of oil refining, petroleum marketing, and petroleum logistics, Byco has emerged as one of the leading firms in Pakistan’s petroleum industry. Byco produces a wide range of petroleum products with a vision of achieving sustainable productivity and shareholder return while upholding high environmental, health and safety standards.

One of Byco’s major strategic advantages is its Single Point Mooring (SPM) facility. The SPM is the only floating liquid port in the country, allowing Byco to import both crude oil and refined petroleum products directly. At a time when the other two key ports tin Karachi are facing extreme congestion due to increased port operations resulting in economic loss and higher financial costs, Byco’s SPM is a strategic advantage for Pakistan’s economy and a National Asset. The SPM allows much larger vessels to deliver oil and refined products including super tankers due to its 25 meter depth. This has enabled Byco to cater to the largest ever shipment of crude oil in 2017; a record 102,000 metric tons of crude was received through Byco’s SPM, making it the largest ever in the nation’s history.

 

“My father, the late Pervez Abbasi, began Bosicor in 1995, with a view to giving back to Pakistan and helping our country which has given us all so much to move forward economically. That dream mashallah is being realized with Byco’s ORC-2 which has commenced operations this August.” At full capacity, Byco can manage 27% of the national demand of Pakistan for petroleum products, and nearly 39% of the indigenous product demand. “We hope to keep increasing our production, which saves the national exchequer significant foreign exchange which would otherwise be spent on importing refined products”, said Mr. Amir Abbassciy, CEO of Byco Petroleum Pakistan Ltd, on the occasion of re-commissioning of ORC-2.

Byco currently refines crude oil in to various marketable components including Liquefied Petroleum Gas, Light & Heavy Naphtha, High Octane Blending Component, motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel, and Furnace Oil. The company has its own Oil Marketing Company with a nationwide network of retail petrol stations across all five provinces of Pakistan. Byco has recently also launched its Lubricants business as well. For more information, please contact Byco at  info@byco.com.pk, or call us at 021-111-222-081 x. 312

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