Pakistan Refinery Limited

Pakistan Refinery Limited (PRL) (پاکستان ریفائنری لمیٹڈ) is a Pakistani oil refinery which is based in Karachi, Pakistan. Founded in May 1960, it is traded on the Pakistan Stock Exchange.[1][2][3]

Pakistan Refinery Limited
PSX: PRL
TypePublic
IndustryPetroleum
Founded1960 (1960)
Karachi, Pakistan
HeadquartersKarachi, Pakistan
Area served
Pakistan
Key people
Zahid Mir (CEO) in 2019
ParentGeneral Public (24.33%)
Pakistan State Oil (63.56%)
Websitewww.prl.com.pk

History

The company foundation stone was laid by the then Minister for Fuel, Power and Natural Resources in the late 1950s. Within 4 months, the profile of the refinery could be seen as it appears today. In addition to this construction at Korangi Creek, on the coastal belt of Karachi, a tank farm at Keamari Town, Karachi has been built to facilitate the storage and transfer of the crude oil from Karachi Port to this refinery.[4][2]

The plant came into operation in October 1962, two months ahead of schedule. The official opening of the refinery was done by Field Marshal Muhammad Ayub Khan, the then President of Pakistan on November 14, 1962. The design capacity of the refinery was 1 million tons of crude oil per annum but was increased to 2.1 million tons per annum later.[2][1]

Company products

Pakistan Refinery refines and sells petroleum products. It has a capacity of refining 47,000 barrels per day of crude oil into a range of petroleum products. The refinery produces high speed diesel, furnace oil, motor spirit, Naphtha, kerosene, jet fuels and liquified petroleum gas. All the products are sold locally except for naphtha which is exported. Using its distribution network at Keamari, the finished products are supplied by the company to oil marketing companies of Pakistan – Shell Pakistan, Pakistan State Oil and Total Parco.[2]

See also

References
  1. Profile of Pakistan Refinery Limited on Business Recorder (newspaper) Published 14 February 2017, Retrieved 15 September 2020
  2. Profile and business summary of Pakistan Refinery Limited on MarketScreener.com website Retrieved 15 September 2020
  3. Profile and stock quote of Pakistan Refinery Limited on Wall Street Journal website Retrieved 15 September 2020
  4. Hussain, Dilawar (1 September 2020). "When refineries go underwater". DAWN.COM.
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