Karachi December 28 2021: The Board of Directors of Pakistan Refinery Limited in their meeting held on December 27, 2021 has decided to undertake Refinery Expansion and Upgrade Project (REUP) with the following objectives:
Compliance with requirement to produce EURO V compliant High-Speed Diesel (HSD) and Motor Spirit (MS/ Petrol), expansion of crude processing capacity to 100,000 barrels per day; and to achieve self-sustainability by upgrading from Hydro-skimming Refinery to Deep Conversion Refinery thereby, significantly reducing production of High Sulphur Furnace Oil (HSFO).
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National Refinery Shut Operations For Three Weeks: PSX
PRL to undertake the Front-End Engineering Design (FEED) study of REUP and appoint the Financial Advisor, with the successful bidder expected to be in place by quarter ending March 3 1 , 2022.
Project cost is currently estimated at around USD 1.2 billion on the basis of Detailed Feasibility Study. Actual costing will be determined after the completion of the FEED study, followed by financial close and award of Engineering Procurement & Construction (EPC) contract.
