Monday, March 19, 2012

Pak Arab refinery

Pakistan’s biggest refinery  Pak Arab refinery produces 100,000 barrels-per-day.
Pak Arab accounts for about a third of the country’s overall refining capacity. 
Last week, oil marketing company Pakistan State Oil issued a tender for 650,000 tonnes of fuel oil for April-June delivery, and also bought 75,000 tonnes of jet fuel and 140,000 tonnes of gasoline for April-May.
Sources said PSO had no plans to seek more fuel oil during the refinery’s maintenance shutdown as the refinery is currently undergoing maintenance .
Demand for oil fuel products in across the country is expected to increase by 10 to 15% from June, as the summer heat wave increases the usage of air conditioners and drivers run their cars more often.
Pak Arab refinery is a 60-40 joint venture between the Pakistan government and  Abu Dhabi, the capital of the United Arab Emirates.

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