Pakistan Refinery Limited (PRL) () 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, lique ...

which is based in

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 cap ...

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 ...

. Founded in May 1960, it is traded on the

Pakistan Stock Exchange The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on 11 ...

.Profile of Pakistan Refinery Limited on Business Recorder (newspaper)
Published 14 February 2017, Retrieved 15 September 2020Profile and business summary of Pakistan Refinery Limited on MarketScreener.com website
Retrieved 15 September 2020Profile and stock quote of Pakistan Refinery Limited on Wall Street Journal website
Retrieved 15 September 2020

History

The company foundation stone was laid by the then Minister for Fuel, Power and Natural Resources in the late 1950s. Within 4 months, the profile of the refinery could be seen as it appears today. In addition to this construction at

Korangi Creek Korangi Creek Cantonment or Korangi Cantonment ( ur, کورنگی کریک چھاؤنی ) is a cantonment town of the city of Karachi, in Sindh, Pakistan. It serves as a military base and residential establishment. It was established by the B ...

, on the coastal belt of Karachi, a

tank farm Tank Farm (sometimes Tuff Crater) is the name of a volcanic explosion crater (or maar) on the North Shore of Auckland, New Zealand, near the approaches to the Auckland Harbour Bridge. Geology Part of the Auckland volcanic field, it was crea ...

Keamari Town Keamari Town ( ur, ) lies in the southern part of the city that was named after the historic seaside municipality of Keamari. Kemari Town was formed in 2001 as part of The Local Government Ordinance 2001, and was subdivided into 11 union counc ...

, Karachi has been built to facilitate the storage and transfer of the crude oil from

Karachi Port The Port of Karachi ( ur, , ''Bandar gāh Karāchī'') is one of South Asia's largest and busiest deep-water seaports, handling about 60% of the nation's cargo (25 million tons per annum) located in Karachi, Pakistan. It is located on the Kar ...

to this refinery. The plant came into operation in October 1962, two months ahead of schedule. The official opening of the

refinery A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value. Types of refineries Different types of refineries ...

was done by

Field Marshal Field marshal (or field-marshal, abbreviated as FM) is the most senior military rank, ordinarily senior to the general officer ranks. Usually, it is the highest rank in an army and as such few persons are appointed to it. It is considered as ...

Muhammad Ayub Khan Muhammad Ayub Khan (Urdu: ; 14 May 1907 – 19 April 1974), was the second President of Pakistan. He was an army general who seized the presidency from Iskander Mirza in a coup in 1958, the first successful coup d'état in the country's ...

, the then

President of Pakistan The president of Pakistan ( ur, , translit=s̤adr-i Pākiṣṭān), officially the President of the Islamic Republic of Pakistan, is the ceremonial head of state of Pakistan and the commander-in-chief of the Pakistan Armed Forces.crude oil Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

per annum but was increased to 2.1 million tons per annum later.

Company products

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 Diesel may refer to: * Diesel engine, an internal combustion engine where ignition is caused by compression * Diesel fuel, a liquid fuel used in diesel engines * Diesel locomotive, a railway locomotive in which the prime mover is a diesel engin ...

, furnace oil, motor spirit,

Naphtha 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 ''n ...

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 regi ...

, jet fuels and

liquified 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, cooking ...

. All the products are sold locally except for

naphtha 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 ''n ...

which is

exported An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...

. Using its distribution network at

Keamari Keamari ( sd, ڪياماڙي, ur, کیماڑی ) is a neighbourhood in Karachi, Sindh, Pakistan. Keamari was originally an independent settlement that was built on a sandy ridge on the eastern side of Karachi Harbour. History Keamari was a lo ...

, the finished products are supplied by the company to oil marketing companies of Pakistan –

Shell Pakistan Shell Pakistan Limited () is a Pakistani oil and gas company which is a subsidiary of the Shell plc and has been in South Asia for over 100 years. Shell's flagship business in Pakistan is the downstream retail marketing company, Shell Pakistan ...

Pakistan State Oil Pakistan State Oil (); reporting name: PSO) is a Karachi-based Pakistani state-owned petroleum corporation involved in marketing and distribution of petroleum products. It has a network of 3,689 petroleum filling stations, out of which 3500 out ...

and

Total Parco Total Parco Pakistan Limited, stylized as TOTAL PARCO, is a Pakistani oil marketing company which is a subsidiary of French company Total S.A. The company is based in Lahore, Pakistan. Company overview It was founded in 2002 as a joint ventu ...

References

External links

Pakistan Refinery Limited - official website
1960 establishments in Pakistan Oil refineries in Karachi Oil and gas companies of Pakistan Companies listed on the Pakistan Stock Exchange Formerly government-owned companies of Pakistan Manufacturing companies based in Karachi {{Pakistan-company-stub

History

Company products

See also

References

External links