Karachi: As per the working paper submitted by Oil refineries, they plan to go for an up-gradation and other associated projects to increase refining capacity to a total of 19.34 million tons with an investment of USD 9.89 bn.
According to Alfalah Securities Limited, in this regard, Byco Oil (BOPL) will invest USD 660 mn to increase the refining capacity of 5.4 million tons, Attock Refinery Limited (ARL) to inject USD 250 mn while Byco Petroleum (BPPL) would invest USD 90 mn for Isomerisation. Likewise, PRL would invest USD 250 mn, NRL would invest USD 305 mn while, PARCO would invest USD 35 mn for the Asphalt production plant. The investment also includes installation of Khalifa Point Coastal Refinery of USD 5 bn with a refining capacity of 11.2 million tons. Moreover, Trans-Asia Refinery would increase the refining capacity of 0.6 million tons with an investment of USD 4.5 billion.