Home / FLD / Bosicor to become largest petrochemical refinery in Pakistan

Bosicor to become largest petrochemical refinery in Pakistan

With the commissioning of its under-construction projects worth US$135 million, Bosicor Pakistan Ltd. (BPL) is going to be the largest petrochemical refinery in Pakistan by mid-2010, said Kaleem A Siddiqui, president of BPL’s Petroleum Marketing Business. The projects under construction are Bosicor Chemicals Pakistan Ltd., a 17,100 barrel per day (bpd) aromatic complex, and Bosicor Oil Pakistan Ltd., a 115,000 bpd refinery owned by Byco Industries Inc (BII). BII is a joint venture between Bosicor Corp. Ltd. with 60% and Abraaj Capital Ltd. with 40%. BPL’s new refinery, which is nearing completion, is installing Pakistan’s first isomerization unit with a capacity of 12,500 bpd, a single buoy mooring and sub-sea pipeline, and storage tanks with a capacity of 144,000 tons. These projects will be commissioned next year. Zafar Haleem, president of BPL’s Oil Refining Business, said that Bosicor, which is currently producing at least 30,000 bpd, would be able to increase capacity to 40,000 bpd by mid-next year. (August 7, 2009)