PARCO Coastal Refinery Limited is a proposed Pakistani oil refinery in Khalifa Point in Lasbela District, Balochistan, Pakistan. It is established by the Pak-Arab Refinery (PARCO) which is a joint-venture between governments of Pakistan and Abu Dhabi.
| Country | Pakistan |
|---|---|
| Province | Balochistan |
| City | Khalifa Point (near Hub, Balochistan) |
| Refinery details | |
| Owner(s) | Pak-Arab Refinery |
| Capacity | 250,000 bbl/d (40,000 m3/d) |
The refinery site is to be located west of Hub, Balochistan, near Gaddani coastal area. It covers 1,800 acres (7.3 km2). The project is expected to cost US$6 billion.[1]
The refinery will have a capacity of 250,000 barrels per day (40,000 m3/d), equal to 13 million tons of petroleum products per year.[1][2] In addition to the refinery, the project includes also 250 MW natural gas-fired power plant, a grid station, a seaport jetty and a city to accommodate refinery workers.[3]
The project was approved by Government of Pakistan in October 2007.
As of August 2013, Abu Dhabi plans to revive Khalifa refinery project after Debt has been cleared.[4]
References edit
- ^ a b "PARCO willing to invest in Pakistan Refinery". The Express Tribune (newspaper). 10 November 2014. Retrieved 15 September 2020.
- ^ Bhutta, Zafar (23 June 2011). "Joint venture project: PARCO to restart work on Khalifa Coastal Refinery". The Express Tribune. Retrieved 15 September 2020.
- ^ Himendra Mohan Kumar (24 July 2008). "UAE-Pakistan trade touches $7 billion". Gulf News (newspaper). Retrieved 15 September 2020.
- ^ Zafar Bhutta (15 August 2013). "Debt cleared: Abu Dhabi plans to revive Khalifa refinery project". The Express Tribune (newspaper). Retrieved 15 September 2020.
