19-12-2012

Byco announces completion of the country’s largest oil refinery

Byco Oil Pakistan Limited today announced the completion of the country’s largest oil refinery at Mouza Kund, District Lasbella, Balouchistan. At present the Refinery is in state of pre-commissioning and preparatory activities wherein different Plants, Equipment & Instrumentation are being put to confirmatory checks and tests. Cold circulation of crude oil has already been established and sustained. Also Furnaces of different Process Units have been test fired. The Refinery is ready for hot commissioning and start up.

This newly commissioned petroleum Refinery will have an installed refining capacity of 120, 000 barrels per day. Combined with existing and fully operative smaller Refinery, the cumulative capacity shall be over 155,000 barrels per day which is 55% higher than the existing largest refinery in Pakistan. Thus it will enhance overall crude oil refining capacity in the country from existing 12.25 to 18 million tons per year and will significantly contribute in reducing import of deficit refined petroleum products in the country. This Refinery can be further expanded up to 180,000 bpd.

On this occasion, Mr. Qaiser Jamal, CEO, Byco Oil Pakistan Limited, stated, “This milestone, for sure, has been made possible with sheer hard work of our Employees and support & cooperation of all our valued contractors. Upon commissioning this Refinery, with the blessings of the Almighty, will become the single largest in the country.”

Along with this new Refinery, the Country’s first Isomerisation Plant is being Commissioned. The introduction of isomerisation technology in Pakistan will not only enable this Refinery to produce higher volumes of motor gasoline to meet Country’s demand but this will be the first environment friendly motor gasoline, with almost nil content of Benzene.

The first parcel of crude oil for this Refinery will be brought to the Country’s first single point mooring installed 10km into the Arabian Sea for direct discharge to the Refinery storage tanks. This facility can discharge tankers carrying over 100,000 metric tons of crude oil.

With an investment of significantly over $600 million and rising, Byco also operates a fast growing petroleum marketing business network comprising of 222 retail outlets.

Mr. Amir Abbassciy, CEO of Byco Industries Incorporated, parent company of Byco’s operating companies in the country said, “These are the first significant steps toward achieving our aim to be in integrated oil to chemicals and related infrastructure businesses. May Allah bless our future endevours as we progress onwards.”