Six projects, investment initiatives and proposals in oil refining sector are in pipeline

To reduce the environmental issues, the government has started working on a strategy to import Euro-IV and V standard fuel conforming the latest vehicles and tackle environmental issues like smog & air pollution. A senior official of the Petroleum Division informed the National Assembly Standing Committee on Energy that Currently, Euro-II & III standard petrol is available in the country. The Sulphur content in fuel was being reduced to minimum level, besides ensuring recommended level of manganese additive in petroleum. Moreover, the official briefed that currently around six projects, investment initiatives and proposals in oil refining sector are in pipeline and at different stages to purify around 1.110 million Barrel per Day (BPD). According to shared details, an oil refinery and petrochemical complex of 300,000 BPD oil capacity would be set up at Gwadar, Balochistan. PARCO would install 250,000 BPD Coastal Refinery at Hub, Balochistan. SINO Infrastructure Hong Kong Oriental Times Corporation Ltd (SIOT) would establish 250,000 BPD Gwadar Refining and Industrial Park, Upcountry Deep Conversion Refinery and Crude Pipeline of 250,000-300,000 BPD oil would be set up in collaboration with Pakistan State Oil and Power China International Group, Falcon Oil Private Limited to set up 40,000 BPD oil refining facility at Dera IsmailĀ  Khan andĀ  Khyber Pakhtunkhwa Khyber Refinery Limited would establish the facility to purify 20,000 BPD oil in Kohat. As government has been planning to upgrade Pakistan Refinery Limited, at present, around 55 percent needs of diesel and petrol are being met through the import of petroleum products in finished form, while 40 to 45 percent requirements were fulfilled by refining the crude oil at domestic facilities.