Indus Refinery Limited (IRL)
is the first deep conversion refinery of Pakistan, being set-up in the
country. It will be state-of-the-art refinery, introducing some of the
latest technologies for the first time in Pakistan. It will be the
country’s largest refinery in the private sector.
IRL was registered in 2004 as a Pakistan Public Limited Liability
Company, whose founding shareholders are foreign investors and Pakistani
investors. The Board
of Directors is made up of oil and gas industry, business and finance
professionals
The authorized share capital is Rs. 6,000,000,000 divided into
600,000,000 ordinary shares of Rs. 10 per share. The initial funding is
being provided by the share holders of IRL.
IRL is a 93,000 BPSD or 4.5 million metric tons per
annum fuel refinery complex. It will be the sixth petroleum refinery in
Pakistan. As a result of its latest production technologies and
economies of scale, IRL will have a competitive edge over existing
refineries of the country.
IRL’s refinery site is located near Port Qasim on the
Main National Highway, approximately 21 kilometers from FOTCO Oil Jetty.
The site is strategically located near the PARCO White Oil Pipeline
Terminal, PSO’s Zulfiqarabad Pipri Oil Terminal (ZOT) and PSO’s
Marshalling Yard.
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