Govt working to introduce fuel conforming latest vehicles and tackle environmental issues like smog and air pollution
Islamabad (APP): Cognizant of the modern time needs and environmental issues, the government has started working on a strategy to introduce the fuel conforming latest vehicles and tackle environmental issues like smog and air pollution.
Under the Prime Minister directives, the Petroleum Division was in the process of devising an effective strategy to ensure availability of high standard fuel meeting the requirements of latest model vehicles, while the Ministry of Climate change wanted improved quality diesel to prevent smog factor and air pollution, according to an official document submitted before the Parliament.
Meanwhile, a senior official privy to petroleum sector developments told APP that the government was making all-out efforts to upgrade existing oil refineries and establish new deep conversion facilities for meeting the country’s fuel requirements in a smooth manner.
The official said an unprecedented incentive package was in place for setting up new deep conservation of oil refineries, enabling them to import machinery, vehicles, plants and equipment and other materials. Elaborating the government efforts to achieve self-sufficiency in oil refining sector, he said, Byco Oil Pakistan Limited (Byco) had established an Oil Refinery at Hub, Balochistan, having capacity to purify 120,000 Barrel Per Day (5 million tons/annum) at a cost of $ 400 million.
Byco has also installed Single Buoy Mooring (SBM) facilities for transportation of imported Crude Oil and petroleum products from ships to the storages tanks. The capacity of said facility is 12 M. tons per annum.
Similarly, Attock Refinery Limited (ARL) has started producing Euro-II (0.05 % Sulphur HSD), besides it installed isomerization plant and enhanced the production of Motor Gasoline. While, Pakistan Refinery Limited (PRL) has installed isomerization plant in 2016 and since then has doubled its production of Motor Gasoline.
Whereas, Pak Arab Refinery Limited (PARCO) is implementing its Coastal Refinery project at Khalifa Point, near Hub, Balochistan, which is a state of the art refinery having capacity of 250,000 barrels per day (over 11 Million tons per annum) with an estimated cost of over $ five billion.
In addition, the official said, “Currently, around six projects, investment initiatives and proposals in oil refining sector are in pipeline and at different stages to purify around 1.110 million Barrel per Day (BPD).” Sharing details, he said an oil refinery and petrochemical complex of 300,000 BPD oil capacity would be set up at Gawadar, Balochistan; PARCO would install 250,000 BPD Coastal Refinery at Hub, Balochistan; SINO Infrastructure Hong Kong Oriental Times Corporation Ltd (SIOT) would establish 250,000 BPD Gwadar Refining and Industrial Park, Upcountry Deep Conversion Refinery and Crude Pipeline of 250,000-300,000 BPD oil would be set up in collaboration with Pakistan State Oil and Power China International Group, Falcon Oil Private Limited to set up 40,000 BPD oil refining facility at Dera Ismail Khan and Khyber Pakhtunkhwa Khyber Refinery Limited would establish the facility to purify 20,000 BPD oil in Kohat.
He said the government was also planning to upgrade Pakistan Refinery Limited (PRL) with an estimated cost of $ one billion aimed at achieving self-sufficiency in the refining sector and bringing down the oil import bill.
At present, the official said, around 55 percent needs of diesel and petrol were being met through the import of petroleum products in finished form, while 40 to 45 percent requirements were fulfilled by refining the crude oil at domestic facilities.
إرسال تعليق