The expansion will enable the refinery to process up to 100,000 barrels of crude oil per day
Pakistan Refinery Limited (PRL) has announced to expand and upgrade its production capacity at an estimated cost of $1.2 billion.
This was decided in a meeting held on December 27, 2021.
The project is currently estimated at $1.2 billion, however, the actual cost will be determined after the completion of the front-end engineering design (FEED) study of refinery expansion project.
Three objectives of the expansion project:
- PRL is currently operating at around 60 percent of its installed capacity. The new project will double the company’s installed refining capacity to 100,000 barrels per day in five years.
- Producing Euro V compliant diesel and petrol to meet the new standards as government is now encouraging the refineries to start producing Euro V and VI fuels while phasing out their furnace oil production capacities.
- The project is also aimed at achieving self-sustainability by upgrading from the hydro-skimming refinery to the deep conversion refinery.