Islamabad: Pakistan Refinery Limited (PRL) Managing Director Zahid Mir has said that the company will undergo a USD 1.2 billion capacity enhancement and expansion project soon, news sources reported on December 29. The proposed project will double the company’s installed refining capacity to 100,000 barrels per day in five years.
According to reports, MD Zahid stated that the company is seeking to achieve three goals from the project, which include boosting production capacity of Euro V–compliant diesel and gasoline, increasing overall installed capacity and lowering furnace oil output. For the expansion project, the corporation intends to conduct a front-end engineering design (FEED) study at a cost of USD 50 million. Following the completion of the FEED study, the precise project cost will be determined, which will be followed by the award of an engineering, procurement, and construction (EPC) contract.
Similarly, the initiative would reduce the installed capacity of furnace oil from 30% to 2% as the product is no longer in demand by power producers. Notably, the PRL is one of the country’s major refineries, now operating at 60% of its installed capacity due to the country’s increased reliance on Compressed Natural Gas (CNG) and Liquified Natural Gas (LNG).
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
