REFINERIES TAKING A NEW SHAPE IN PAKISTAN
Aug 06 - 12, 2007
Pakistan's oil refining capacity is planned to be doubled from six million to thirteen million ton per annum with the setting up of new refineries to answer growing energy requirements in the wake of high economic growth rate. In addition to making efforts to enhance refining capacity of present five refineries, foreign investment is being tapped for setting up oil another oil refinery at Port Qasim.
The history of oil refineries in Pakistan started when Attock Refinery began its operations in 1922 with a small capacity of 119 thousand ton per annum and has now reached 1.82 million per annum.
.Attock Refinery Limited <http://en.wikipedia.org/w/index.php?title=Attock_Refinery_Limited&action=ed it> (ARL), 46,000 bpd
.National Refinery Limited <http://en.wikipedia.org/w/index.php?title=National_Refinery_Limited&action= edit> (NRL),60,000 bpd
.Pakistan Refinery Limited <http://en.wikipedia.org/w/index.php?title=Pakistan_Refinery_Limited&action= edit> (PRL), 37,500 bpd
<http://en.wikipedia.org/w/index.php?title=PARCO-2&action=edit> II), 1,000,000 bpd
.Karachi Refinery <http://en.wikipedia.org/w/index.php?title=Karachi_Refinery&action=edit> (Bosicor Pakistan Limited <http://en.wikipedia.org/w/index.php?title=Bosicor_Pakistan_Limited&action=e dit> ), 30,000 bpd
.Indus Oil Refinery Limited <http://en.wikipedia.org/w/index.php?title=Indus_Oil_Refinery_Limited&action =edit> (IRL),90,000 bpd
Attock Refinery Limited (ARL), situated in Morgah, Rawalpindi, was incorporated as a private limited company in November 1978 to take over the business of the Attock Oil Company Limited relating to refining of crude and supplying of refined products.
ARL was then converted into a public limited company in June 1979 and is currently listed on all three stock exchanges. The company is also registered with Central Depository Company of Pakistan Limited (CDC). ARL's configuration enables it to process the lightest to the heaviest indigenous crude and produce a complete range of both energy and non-energy products (Non-energy products include lubes and greases, asphalt, solvent oil, Mineral Turpentine (MTT), Benzene Toluene Xylene (BTX), jute batching oil, processing oil, carbon oil, and wax).ARL has already obtained ISO 9001 (2001), ISO 14001 (2002), and OHSAS 18001 (2006) certifications.
National Refinery Limited (NRL) was incorporated as a public limited company in Karachi in 1963 and government took over its management under the Economic Reform Order, 1972. NRL has now been privatized and management has been handed over to new owner (Attock Oil Group) on July 7, 2005. The Attock Oil Group succeeded by offering the highest bid of Rs.16.415 billion to acquire 51% shares and management control of NRL.
The Group is being represented through shareholding acquired by Pakistan Oilfields Limited (POL), Attock Refinery Limited (ARL) and Attock Petroleum Limited (APL). In addition to a crude refining capacity of over 2.7 million ton per annum, the NRL has two lube refineries that have a combined capacity of 176,000 ton per annum of lube base oils (LBO) and a BTX unit that has a 25,000 ton per annum capacity.
As the only refinery in Pakistan that produces LBO, the NRL enjoys a competitive edge over other refineries. The NRL has acquired certification under ISO 14001 for compliance with international standards on its environment management system.
Pakistan Refinery Limited (PRL), third in the country, was incorporated as public limited company in May 1960 and is listed at the Karachi and Lahore stock exchanges. The company is situated in Karachi and engaged in the production and sales of petroleum energy products as well as MTT, its only non-energy product. Its present design capacity is 2.1 million tons per annum. The majority of PRL's shares are held by its associated companies (PSO, Shell, Chevron, Central Insurance and Dawood Corporation), whose combined shareholding amounts to 69.3%. Financial institutions (9.4%), public sector companies and corporations (2.8%), individuals (14.7%) and joint stock companies, banks, development financial institutions, Modaraba companies, insurance companies and others (3.8%) hold the rest.
PRL has been awarded ISO 14001 certification and Occupational Health Safety Assessment Series (OHSAS) 18001 for maintaining its health, safety and environment (HSE) and quality control standards.
Pak-Arab Refinery Limited was incorporated in Pakistan on May 09, 1974 as a public limited company. The shares of the company are owned by the Government of Pakistan (GoP) and Abu Dhabi Petroleum Investment Company, LLC (ADPI), based in Emirate of Abu Dhabi, in the ratio of 60 percent and 40 percent, respectively. The company is engaged in refining, sale and transportation of petroleum products.
Further, the company is undertaking the marketing of petroleum products (lubricants) under the brand name of "Pearl". The refinery of the company is situated at Mahmood Kot, District Muzaffargarh. PARCO initially started as a pipeline operator, moving petroleum products from Karachi to Mehmood Kot and later on to Machike via Faisalabad. PARCO has commissioned another cross-country pipeline 817 Km, 26" diameter in November 2005.
White Oil Pipeline is designed to carry up to 12 million tons per year of refined petroleum products from Karachi to Mahmood Kot, starting with initial throughput of 5 million tons per year. A joint venture company called Pak-Arab Pipeline Company Limited has been formed by PARCO having 51% share in collaboration with country's major Oil Marketing Companies (Shell, PSO and Caltex) having 49% share.
In year 2000, PARCO's oil refinery, the largest in the country was commissioned, with a refining capacity of 4.5 million tons per annum. The company has an asset base approaching Rs. 100 billion. PARCO has entered into a joint venture agreement with Total of France for marketing its consumer petroleum products under the co-branding of Total-PARCO through a rapidly emerging national network of retail outlets.
PARCO is also marketing 25% of its LPG under the brand name 'Pearl Gas' in collaboration with SHV of Holland. In addition, PARCO also markets the imported lubes from OMV of Austria under the brand name of Pearl Lubes, and its locally blended lubes as Pearl Energy and Pearl Zabardast.
Bosicor Pakistan Limited (BPL) was incorporated in the country as a public limited company on January 1995, and is quoted on the Karachi and Lahore Stock Exchanges. The principal business of the company is refining and marketing petroleum products. The refinery has a designed capacity of 1.5 million tons per annum. After the completion of its trial run form November 2003 to June 2005, the company started commercial production in July 2005 and can produce a wide reange of petroleum products, including LPG and naphtha. It has a long-term sale and purchase agreement with the Pakistan State Oil Company (PSO) for the marketing of its products.
Bosicor Pakistan Limited (BPL) is planning to bring an additional refining capacity of 120,000 barrel per day (BPD) in the next two years. The refinery would consist of mainly crude distillation, gas separation, naphtha hydro treating, plat former, diesel hydro desulphurization, vacuum distillation and a visbreaker plant.
The estimated cost of the new project is $225 million. Currently, the BPL is finalizing its financial closure and the project will be completed by December 2008.
Indus Refinery Limited (IRL) a joint venture project between US and UK Middle East based investors and Pakistani sponsors, today announced the arrival of second and third shipments of Refinery equipment which arrived in Pakistan's southern Port Qasim in the third week of May and 2nd week of June 2007.
The shipments included refinery equipment for the 100,000 barrel per day petroleum refinery located on the main National Highway near Karachi is expected to facilitate construction to go into full swing.
During construction of the refinery, the project will provide over 5,000 thousand jobs for both skilled and unskilled Pakistanis and when completed in early 2009 it will provide over eight hundred permanent skilled jobs. IRL as a Pakistani Public Limited Company has taken the initiative to relocate, reconstruct and operate a state-of-the-art refinery to become the sixth petroleum refinery in Pakistan , enabling it to be one of the top two largest refineries in the country. The IRL refinery has a design capacity of 100,000 BPCD, which is equal to the country's current largest refinery.