Six new oil to increase oil production by 1.1 million barrels/day

Six new oil to increase oil production by 1.1 million barrels/day

Islamabad, at least six oil to Pakistan in various stages of completion in order to increase crude oil processing capacity of below 5%, the sector "like never before" to encourage the government to meet the growing demand for energy services, announced Tuesday.

Six high-ranking official initiatives and projects, and to prepare proposals on the oil refining sector and 1.110 billion barrels of oil a day to clear the steps that app.

"The ever-growing feeling in the country's energy needs, in addition to achieve a state of self-sufficient in the field of processing, oil and gas exploration in areas of possible multi-faceted strategy in order to accelerate the development of crude oil," he said. Development of the oil industry, he said.

The official government of the existing enterprises and flexible to meet the needs of the country's fuel and make every effort to build a new deep-told RBC.

"Unprecedented incentives, machines, vehicles, facilities and equipment and other materials, not to import for the creation of a new refinery is here."

Reading the exchange of information, the official strategy, an oil refinery with a capacity of 300,000 barrels per day of oil and chemical complex, adding that the framework must be installed. Refinery Pak Arab Center (Parco), set up by 250,000 BPD in the coastal refineries.

The structure of Hong Kong East China Times Corporation Karachi processing industrial park in the country and 250,000 BPD of deep processing. Pakistan, China National Petroleum and Power International Group 250, 000 to 300,000 BPD of crude oil pipeline systems.

Falcon Oil Private Limited in Bhopal Ismail Khan with 40,000 BPD Oil Refining Plant. Khyber Refinery Limited Kohat permit the removal of 20,000 BPD oil.

The official in the country's domestic crude oil during the first nine months (July-March) increased by approximately 12.8%, he said. During production of 24.6 million barrels of crude oil remained stable in 2017/18, against the same period of 21.8 million barrels.

Imports of raw materials by 2.9 billion years ago, the cost of $ 3.4 billion against 7.8 million tons to 6.6 million tons. Imports from the oil and gas regulatory organization (true), "domestic production is not enough to meet the demand for fuel, and high-speed diesel and heating oil, which covered much of the country, said: need to."

"The member states of 42%, 71%, and high-speed diesel and petrol and 56% of the demand for finished products (fuels and lubricants), adopted by the import of" Chingiz report for 2017/18.

In the tax-year 2018 oil production was 13% higher compared to last year. In 2010, 13.63 million tons of production (energy and non-energy products) has been preserved, against 12.07 million tonnes in 2016/17.

Byco mining operation of an oil refinery in 113.5% growth. Parco Byco (19%) and the National Company Limited (17%), then the main part of the total production (33%).

At present the official said eight existing oil refineries in the country: Pakistan National Refinery, Oil, Parco processing skipping Byco-I and II, and processing facilities .Kuduktun (ENAR¬I) and .Kuduktun oil processing facility (.Kuduktun-II ).