PARCO Coastal Refinery
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 |
Refinery details | |
Owner(s) | Pak-Arab Refinery |
Capacity | 250,000 bbl/d (40,000 m3/d) |
The refinery site is to be located at 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 Pakisntan in October 2007.[4]
As of August 2013, Abu Dhabi plans to revive Khalifa refinery project after Debt has been cleared.[5]
References
- Bhutta, Zafar (2011-09-05). "Increasing capacity: PARCO set to approve investment in $6b refinery". The Express Tribune. Retrieved 2012-01-04.
- Bhutta, Zafar (2011-06-24). "Joint venture project: PARCO to restart work on Khalifa Coastal Refinery". The Express Tribune. Retrieved 2012-01-04.
- Himendra Mohan Kumar (2008-07-24). "UAE-Pakistan trade touches $7b". Gulf News. Retrieved 2012-01-04.
- "Pakistan OKs refinery project by UAE's IPIC-agency". Reuters. 2007-10-10. Retrieved 2012-01-04.
- http://tribune.com.pk/story/590693/debt-cleared-abu-dhabi-plans-to-revive-khalifa-refinery-project/