aix machine supplying high grade oil refinery in pakistan

                                               
                                               
                                               
                                               
                                               
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  • What does Pakistan Refinery do?
  • 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.
  • Which is the largest oil refiner in Pakistan?
  • By 2017, both oil refineries became fully operational, making Byco Petroleum the largest oil refiner in Pakistan with a total installed capacity of 156,000 barrels per day. In the same year, the company opened its 300th petrol pump and the SPM achieved a milestone of handling 5 million metric tons of oil since its inception.
  • When did Pakistani oil refinery start?
  • The resulting complex, named Pakistani Oil Refinery, commenced operations in 1964. [ 6] It was inaugurated by Muhammad Ayub Khan, then President of Pakistan. 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. [ 4][ 3]
  • Who is the guarantor of Saudi Aramco & National Refinery Limited?
  • State Bank of Pakistan acts as the sovereign guarantor of payments made on time between the National Refinery Limited and the Saudi oil company Saudi Aramco.
  • Why did Pakistan impose fines on National Refinery Limited?
  • In 2017, the Supreme Court of Pakistan imposed fines on National Refinery Limited for missing its due payments to the crude oil supplier Saudi Aramco which then State Bank of Pakistan had to step in and make those payments in the form of foreign currency.
  • Which oil companies are based in Saudi Arabia?
  • The company's major purchases are made from Saudi Aramco, an oil company based in Saudi Arabia, with a history of no default up to the financial year ending 30 June 2011. Crude oil is also received on a regular basis from the domestic oil companies in Pakistan.