Pakistan's Byco Oil completes new refinery
SINGAPORE Dec 21 (Reuters) - Karachi-based Byco Oil said it had completed Pakistan's largest oil refinery at Balouchistan with a capacity of 120,000 barrels per day, which is expected to reduce the country's imports of oil products.
The new refinery, manufactured in the UK and assembled in Pakistan, is currently in the pre-commissioning stage, with tests being done on various equipment, the company said on its website. Byco Oil is the parent company of listed Byco Petroleum .
"It will enhance overall crude oil refining capacity in the country from an existing 12.25 to 18 million tonnes per year and will significantly contribute in reducing a shortage of refined petroleum products in the country," the statement read.
Byco officials could not be reached for comment.
The new plant will more than triple Byco's current capacity of 35,000 bpd at its existing refinery.
The refinery can be further expanded up to 180,000 bpd, the company said.
An isomerisation plant to produce higher volumes and cleaner motor gasoline is also being commissioned with the refinery.
Pakistan operates five other refineries, the largest of which is Pak-Arab Refinery's 100,000 bpd plant.
Pakistan State Oil, a major oil importer in the country, imports about 250,000 tonnes of diesel every month through term volumes, they added.