PAKISTAN: Joint venture looks at refinery

02 December 1994
NEWS

The local Pakistan State Oil (PSO) and South Korea's Hyundai Engineering & Construction Company have signed a memorandum of understanding for the proposed construction of an oil refinery. The estimated project cost is $800 million.

The scheme calls for the construction of a refinery at a provisional location in Badin, about 200 kilometres east of Karachi. It is planned to have an annual capacity of 4 million-4.5 million tonnes, roughly equivalent to 80,000-90,000 barrels a day (b/d), of which 30,000 b/d would be supplied from production in the Badin region. The remainder would be supplied via a new pipeline connecting Badin with PSO's storage facilities in Karachi.

Hyundai and PSO are to hold further discussions in early December. They expect to appoint a consultant to undertake a feasibility study soon.

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.