Pakistan Refinery

Pakistan Refinery Limited is located at Karachi, Sindh, Pakistan. Pakistan Refinery was incorporated in Pakistan as a public limited company in May 1960 and is traded on Pakistan Stock Exchange. The address of its registered office is Korangi Creek Road, Karachi. This company is engaged in the production and sale of petroleum products.[1]

Company background

The company foundation stone was laid by the then Minister for Fuel, Power and Natural Resources in late 1950s. Within 4 months, the profile of the refinery could be seen as it appears today. In addition to this construction at Korangi, a tank farm at Keamari Town, Karachi has been built to facilitate the storage and transfer of the crude oil from Karachi Port to the refinery.

The plant came into operation in October 1962, two months ahead of schedule. The official opening of the refinery was done by Field Marshal Muhammad Ayub Khan, the then President of Pakistan on November 14, 1962. The design capacity of the refinery was 1 million tons of crude oil per annum, but was increased to 2.1 million tons per annum later (refining 47,000 barrels per day of crude oil into a range of distilled petroleum products). This refinery is located on the coastal belt of Karachi. This refinery was designed to use hydro skimming processes to refine the crude oil.[2] The company has its main processing facility at Korangi Creek Road with supporting crude oil berthing and storage tank farms at Keamari within Karachi.[2]

Company products

The refinery produces high speed diesel, furnace oil, motor spirit, Naphtha, kerosene, jet fuels and liquified petroleum gas. All the products are sold locally except for naphtha which is exported.[1] Using its distribution network at Keamari, the finished products are supplied by the company to oil marketing companies of Pakistan.[2]

See also

References

  1. 1 2 Company Overview of Pakistan Refinery Limited on bloomberg.com website, Retrieved 2 October 2017
  2. 1 2 3 Profile and stock quote of Pakistan Refinery limited on reuters.com website, Retrieved 2 October 2017
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