National Refinery Limited (NRL) () is a Pakistani

oil refinery An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liq ...

which is a subsidiary of UK-domiciled

Attock Oil Company Attock Oil Company, informally called Attock Group, also known as Pharaon Group, is a UK-domiciled Conglomerate (company), conglomerate company based in Manchester, England, United Kingdom. It is the sole vertically integrated oil conglomerate c ...

. It is based in Korangi Creek,

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former c ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. It is a petroleum refinery and petrochemical complex engaged in the manufacture and sale of asphalts, BTX, fuel products and lubes for domestic consumption and export. National Refinery Limited is the second largest capacity refinery of Pakistan in terms of crude oil processing facilities and is the only lube oil refinery of Pakistan.

History

The company was incorporated in 1963 and first lube refinery was constructed in June 1966.

Hydroskimming Hydroskimming is one of the simplest types of refinery used in the petroleum industry and still represents a large proportion of refining facilities, particularly in developing countries. A hydroskimming refinery is defined as a refinery equipped w ...

fuel refinery was commissioned in April 1977 and its capacity was increased in 1985. BTX (petrochemical) plant was constructed in April 1979 which was the first petrochemical unit of the country. Second lube refinery was constructed in February 1984. Since then various expansions of the refinery have been made. In 2005, Attock Group acquired majority shareholding of the company – with

Pakistan Oilfields The Pakistan Oilfields Limited ( ur, ) is a Pakistani oil and gas exploration company which is a subsidiary of UK-domiciled Attock Oil Company. It is based in Rawalpindi, Punjab Province, Pakistan. In 1978, Pakistan Oilfields took over the e ...

and

Attock Refinery Limited The Attock Refinery Limited () is a Pakistani petroleum company which is a subsidiary of UK-domiciled Attock Oil Company. It is active in crude oil refining in the country.Islamic Development Bank The Islamic Development Bank ( ar, البنك الإسلامي للتنمية, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi ...

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Ara ...

holds 15 percent of the total shares.Profile of National Refinery Limited on Business Recorder (newspaper)
Published 31 January 2019, Retrieved 17 September 2020

Business relationships

The company's major purchases are made from

Saudi Aramco Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of ...

, an oil company based in

, 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.

State Bank of Pakistan The State Bank of Pakistan (SBP) ( ur, ) is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was Nationalized and ...

acts as the sovereign guarantor of payments made on time between the National Refinery Limited and the Saudi oil company

. In 2017, the

Supreme Court of Pakistan The Supreme Court of Pakistan ( ur, ; ''Adālat-e-Uzma Pākistān'') is the apex court in the judicial hierarchy of the Islamic Republic of Pakistan. Established in accordance to thePart VIIof the Constitution of Pakistan, it has ultimate a ...

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.

Business segments

Fuel segment

Fuel segment offers: * Motor gasolineProfile of National Refinery Limited on MarketScreener.com website
Retrieved 17 September 2020 * High speed diesel (HSD) * Light diesel oil *

Kerosene Kerosene, paraffin, or lamp oil is a combustible hydrocarbon liquid which is derived from petroleum. It is widely used as a fuel in aviation as well as households. Its name derives from el, κηρός (''keros'') meaning " wax", and was re ...

oil *

Jet fuel Jet fuel or aviation turbine fuel (ATF, also abbreviated avtur) is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. It is colorless to straw-colored in appearance. The most commonly used fuels for commercial a ...

s *

Furnace oil Fuel oil is any of various fractions obtained from the distillation of petroleum (crude oil). Such oils include distillates (the lighter fractions) and residues (the heavier fractions). Fuel oils include heavy fuel oil, marine fuel oil (MFO), b ...

Furnace oil glut dents profits of refineries
The Express Tribune (newspaper), Published 22 January 2020, Retrieved 17 September 2020 *

Liquefied petroleum gas Liquefied petroleum gas (LPG or LP gas) is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, propylene, butylene, isobutane and n-butane. LPG is used as a fuel gas in heating appliances, cookin ...

(LPG) *

Naptha Naphtha ( or ) is a flammable liquid hydrocarbon mixture. Mixtures labelled ''naphtha'' have been produced from natural gas condensates, petroleum distillates, and the distillation of coal tar and peat. In different industries and regions '' ...

for domestic consumption and export purposes

Lube segment

* Many types of lube base oils *

Asphalt Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term ...

s * Waxes and rubber process oil * Specialty products -

Benzene Benzene is an organic chemical compound with the molecular formula C6H6. The benzene molecule is composed of six carbon atoms joined in a planar ring with one hydrogen atom attached to each. Because it contains only carbon and hydrogen atoms ...

Toluene Toluene (), also known as toluol (), is a substituted aromatic hydrocarbon. It is a colorless, water-insoluble liquid with the smell associated with paint thinners. It is a mono-substituted benzene derivative, consisting of a methyl group (CH3) ...

Xylene In organic chemistry, xylene or xylol (; IUPAC name: dimethylbenzene) are any of three organic compounds with the formula . They are derived from the substitution of two hydrogen atoms with methyl groups in a benzene ring; which hydrogens are s ...

, Wax, Slackwax and Extract Oil

References

External links

National Refinery Limited
1963 establishments in Pakistan Oil and gas companies of Pakistan Oil refineries in Karachi Manufacturing companies based in Karachi Non-renewable resource companies established in 1963 Companies listed on the Pakistan Stock Exchange 2005 mergers and acquisitions Mergers and acquisitions of Pakistani companies Pakistani subsidiaries of foreign companies Formerly government-owned companies of Pakistan {{petroleum-company-stub