Byco’s newly completed oil refinery successfully completed its initial run of about 48 hours and was able to produce high speed furnace oil (HSFO), high speed diesel (HSD) and Naphtha according to the required specifications. An official said on Monday that this initial run was conducted during the course of pre-commissioning and commissioning activities. Following this activity, the new Refinery will shortly be put to continuous 72 hours trial run.
This is yet another milestone achieved which is a step forward towards smooth and safe commercial production, it was further stated. Qaiser Jamal, the chief executive officer (CEO) of Byco Oil Pakistan Limited, said that this is yet another significant achievement by the Refinery’s Commissioning and Operations teams.
The new refinery with a crude oil processing capacity of 120,000 barrels per day will be the largest in the Country. Based on full throughput it is expected to produce on annual basis about 1.6 million tons of HSFO, 2.4 million tons of HSD and 1.1 million tons of MS. As all these products are in deficit and are being imported therefore, production from this new refinery will replace import and thus help save foreign exchange for the country.
It is understood that it’s share value will surely be increased but confusing to estimate.
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