REFINERY SECTOR OF PAKISTAN

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The petroleum refining sector produces about 2500 refined products, including liquefied petroleum gas, gasoline, kerosene, aviation fuel, diesel fuel, fuel oils, lubricating oils, and petrochemical feedstocks. The activities of a petroleum refinery begin with the receiving of crude for storage, continue with all petroleum handling and refining operations, and end with storage prior to transporting the finished products from the refinery. The global daily oil production is about 95.2m bbl and the largest oil refinery is Jamnagar refinery India owned by reliance industries. Crude oil was the world's top export product in CY19, surpassing automobile shipments, which came in second. In terms of production, the oil refining industry grew at a CAGR of 0.55 percent from CY15 to CY19.

Pakistan's total refining capacity is over 20 million metric tonnes per year (FY20), which is nearly equivalent to the country's POL demand. However, due to the Sector's need to function at maximum efficiency, capacity utilization remains low. The refinery industry contributes 2.7% to the GDP of Pakistan. The government's policy of lowering reliance on furnace oil for energy generation has reduced demand for furnace oil. Pakistan has a total of five refineries which includes

§  Byco petroleum

§  Attock Refinery (ARL)

§  National Refinery (NRL)

§  Pak-Arab Refinery (PARCO).

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