Govt to upgrade Pakistan Refinery Limited

ISLAMABAD: To reduce the oil import bill, the government has decided to achieve self-sufficiency by upgrading the Pakistan Refinery Limited at the cost of $1 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

Along with pushing for the establishment of new oil refineries, the government is also working to modernise the existing facilities to cater to 55% needs of diesel and petrol that are currently being met through imports.

To carry out work regarding the multi-faceted strategy to achieve self-sufficiency, help from Chinese companies will be taken as 6 projects, investment initiatives and proposals of different stages are lined up to purify around 1.110 million barrel per day (BPD) of oil.

An oil refinery and a petrochemical complex of 300,000 BPD oil capacity at Gwadar and 250,000 BPD Coastal Refinery will be installed by PARCO at Hub, Balochistan.

A 250,000 BDP Refining and Industrial Park will be established by SINO Infrastructure Hong Kong Oriental Times Corporation ltd. (SIOT).

Pakistan State Oil in collaboration with Power China International Group will set up a crude pipeline of 250,000-300,000 BPD. KPK Refinery Ltd. will set up a facility in order to purify 20,000 BPD oil in Kohat and 40,000 BPD oil refining facility will be established by Falcon Oil Private Ltd. at Dera Ismail Khan.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

12 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

1 day ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

2 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

3 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

4 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago