The Petroleum & Natural Resources Ministry has invited proposals for the development of a private sector oil refinery to process local crude from the Badin block in Sind province. The ministry says that 30,000 barrels a day will be available initially, but that local crude resources will be depleted, and that developers should consider the possibility of importing crude at a later stage.
The private developer will be expected to raise all the finance for the project, and provide a schedule for completing financial arrangements. Proposals are due to be submitted by the end of February.
Other refineries are also planned by the local Pak-Arab Refinery, at Mahmood Kot near Multan and the state-owned Petroleum Refining & Petrochemical Corporation (Perac) in Baluchistan. Perac also plans to build a hydrocracker in Karachi.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.