PSO to set up refinery to help meet energy needs

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Sunday, May 19, 2013 - Islamabad The Pakistan State Oil’s (PSO) efforts to set up state-of-the-art oil refinery in Khyber Pakhtunkhwa, having capacity to process 40,000 barrel per day would go a long way in meeting the growing energy needs.

 

The facility, expected to be fully commissioned by 2016-17 will be set-up through a public private partnership and will utilise crude oil from nearby indigenous supply sources for production of POL products conforming to Euro IV standards.

 

‘Establishment of this refinery will help improve the overall availability of POL products across the country as well as result in sizeable foreign exchange savings for the nation and it shall also increase PSO’s operational base through diversification in the midstream segment and lower distribution cost in the related supply envelopes,’ the sources added.



Courtesy:  Pak Observer


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