Byco continues to meet its commitmentsApril 29, 2013
Karachi: Keeping in line with its vision of an emerging energy company, Byco Group’s two oil refineries, the 35,000 barrels per day Byco Petroleum Pakistan Limited BPPL and the 120,000 barrels per day Byco Oil Pakistan Limited BOPL continue to expand their industry leadership and delivery of refined petroleum products remain on track.
Part and Parcel to the delivery of products is the ongoing and standard maintenance of both refineries. At present, the smaller refinery, operated by Byco Petroleum Pakistan, is undergoing a customary maintenance check from April 26, 2013 and as planned shall resume production on May 5, 2013, with no effect on Pakistan’s current supply needs.
In the interim, Byco Group’s substantial refined petroleum product reserves are at full inventory enjoying a storage capacity of 1 million barrels. Speaking to the media, Mr. Qaiser Jamal, CEO, Oil Refining Business, Byco, reiterated the company’s resolve to meeting its commitments, “The reserves onsite are substantial and we shall fulfil commitments towards all OMC’s without any need for additional import, despite the current maintenance at the smaller Byco refinery.”
Headquartered in Karachi, Byco is an emerging energy company engaged in the business of oil refining, petroleum marketing, chemicals manufacturing and petroleum infrastructure logistics. With 225 outlets across Pakistan, the Byco Petroleum Marketing Business is the one of the largest Oil Marketing Companies in the country, engaging numerous local businesses and in the process creating much needed employment for over 10,000 Pakistanis.