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PM Nawaz inaugurates country's largest oil refinery in Hub

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PM Nawaz inaugurates country's largest oil refinery in Hub
DAWN.COM

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PM terms the setting up of oil refinery in Balochistan an important milestone. —DawnNews screengrab

KARACHI: Prime Minister Nawaz Sharif on Friday inaugurated Byco Oil Refinery, the country's largest oil refinery, in Balochistan's Hub region.

The premier was received in Karachi earlier on Friday morning by Sindh Chief Minister Qaim Ali Shah before he departed for Hub to attend the ceremony.

Balochistan Chief Minister Dr Abdul Malik Baloch, Senator Saleem Mandviwalla and Balochistan's Senior Minister and provincial President of the Pakistan Muslim League - Nawaz (PML-N) Sanaullah Zehri were also present in the ceremony.

Speaking on the occasion, the prime minister termed the set up of oil refinery in Balochistan an "important milestone".

He said the oil refinery will lead to economic development in the province and provide employment opportunities to the citizens. The premier said oil and gas are the most important of all natural resources.

He said some $750 million will be invested in the second phase of the oil refinery project, adding that 22 million tonnes of oil was currently being used in the country.

He said the oil refinery will help reduce country’s dependence on the import of petroleum products by over 50 per cent.

"It will take time to reach the level of self-sufficiency."

The prime minister said Gwadar would be made the first free-port of Pakistan which would be connected with Central Asia.

He said work on the motorway from Gwadar to Quetta and onward to Ratto Dero is underway.

He further said the government will overcome the power shortages in the country by 2017, said a report published on Radio Pakistan.

Many power projects are underway in the power sector, he said.

The premier said coal power plants are being established in Thar while another power plant with a capacity of 1,320 MW electricity is also being established at Port Qasim.

Nawaz said solar-based power projects are also being set up that will help to overcome the power shortage in the country.

Later in the day, the prime minister will attend a meeting in Karachi to review the city’s law and order situation.
 
Poor reporting from Dawn :tsk:

Not a word about the capacity !
it's 120,000 barrels per day

As the country’s largest oil refinery complex, the Byco plant will refine 120,000 barrels of crude oil per day, fulfilling around 39 per cent of country’s energy needs and cutting down reliance on fuel imports.

The refinery has brought in an investment of $750 million and produces about 1.6 million tons of fuel oil, 2.4 million tons of diesel, 1.1 million tons of LPG annually.

Largest oil refinery opened in Hub - The Express Tribune
 
In 2004 ORC 1 ..The refinery commenced its operation as the smallest refinery in the Country and has successively enhanced its capacity to 35,000 barrels a day.ORC 11 will be 120,000 barrels per day.
In 2000, PARCO’s 100,000 barrels per day, Mid-Country Refinery (MCR) at Mahmood Kot near Multan was Commissioned.

Presently PARCO is largest....
 
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