PARCO Coastal Refinery

PARCO Coastal Refinery Limited is a proposed Pakistani oil refinery in Khalifa Point in Lasbela District, Balochistan, Pakistan. It is established by the Pak-Arab Refinery (PARCO) which is a joint-venture between governments of Pakistan and Abu Dhabi.

PARCO Coastal Refinery
CountryPakistan
ProvinceBalochistan
CityKhalifa Point
Refinery details
Owner(s)Pak-Arab Refinery
Capacity250,000 bbl/d (40,000 m3/d)

The refinery site is to be located at Hub, Balochistan, near Gaddani coastal area. It covers 1,800 acres (7.3 km2). The project is expected to cost US$6 billion.[1]

The refinery will have a capacity of 250,000 barrels per day (40,000 m3/d), equal to 13 million tons of petroleum products per year.[1][2] In addition to the refinery, the project includes also 250 MW natural gas-fired power plant, a grid station, a seaport jetty and a city to accommodate refinery workers.[3]

The project was approved by Government of Pakisntan in October 2007.[4]

As of August 2013, Abu Dhabi plans to revive Khalifa refinery project after Debt has been cleared.[5]

References
  1. Bhutta, Zafar (2011-09-05). "Increasing capacity: PARCO set to approve investment in $6b refinery". The Express Tribune. Retrieved 2012-01-04.
  2. Bhutta, Zafar (2011-06-24). "Joint venture project: PARCO to restart work on Khalifa Coastal Refinery". The Express Tribune. Retrieved 2012-01-04.
  3. Himendra Mohan Kumar (2008-07-24). "UAE-Pakistan trade touches $7b". Gulf News. Retrieved 2012-01-04.
  4. "Pakistan OKs refinery project by UAE's IPIC-agency". Reuters. 2007-10-10. Retrieved 2012-01-04.
  5. http://tribune.com.pk/story/590693/debt-cleared-abu-dhabi-plans-to-revive-khalifa-refinery-project/

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