Karachi April 21 2022: The Board of Directors of Pakistan Refinery Limited in their meeting held on April 21, 2022 has decided to appoint an international Company as the Front End Engineering design (FEED) Contractor for the Refinery Expansion and Upgrade Project (REUP) after a competitive bidding process.
In addition, the Board of Directors of Pakistan Refinery Limited has also decided to appoint a consortium of local banks as Financial Advisor to render Advisory and Equity & Local Debt Arrangement services for PRL’s Refinery Expansion & Upgrade Project (REUP).
The Refinery Expansion and Upgrade Project (REUP) at an estimated cost of US$ 1.2 billion will increase the crude processing capacity from 50,000 barrels per day to 100,000 barrels per day significantly reducing High Sulphur Furnace Oil (HSFO) and maximising premium products such as High-Speed Diesel (HSD) and Motor Spirit (MS/Petro!) meeting EURO V specification.
