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Snags in increasing the oil refining capacity. (Pakistan)

By Haidari, Iqbal
Publication: Economic Review
Date: Saturday, February 1 1997

Pakistan is hoping to increase the refining capacity to 31.0 million tonnes through an investment of $3.50 billion. The Federal Government has allowed relaxation in 10 to 40 per cent profitability limit for existing oil refineries. The action was taken in view of high capital cost and relatively small differential between international prices of crude and POL products and between fuel oil and middle distillates.

The existing capacity of three refineries, namely National Refinery Ltd. (NRL), Pakistan Refinery Ltd. (PRL) and Attock Refinery Ltd. (ARL) is about 7 million tonne

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