Islamabad
The government is working on a prudent strategy to achieve self-reliance in the oil refining sector by upgrading the existing facilities and establishing new deep conversion refineries in different parts of the country.
“The country’s oil refining capacity stood at 417,400 BPD in the last fiscal year, while six more projects, investment initiatives and proposals are at different stages of implementation to increase the capacity by 1.1 million Barrels per Day (BPD),” according to an official data available with APP.
Currently, Pak Arab Refinery Limited (PARCO) is operating with 100,000 BPD oil refining capacity, Attock Refinery Limited (ARL) 53,400 BPD, Byco Petroleum Pakistan Limited (Byco) 150,000 BPD, National Refinery Limited (NRL) 64,000 BPD and Pakistan Refinery Limited 50,000 BPD. As per the data, Pakistan’s total consumption of petroleum products stood at 19.68 Million Tons (MTs) during the fiscal year 2019-20.
