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Feature: Pakistan’s new refinery expansion policy to pave way for sharp reduction in fuel imports Pakistan’s refining capacity is expected to rise sharply in coming years as the pace of current upgrades and construction picks up ahead of the approval of the country’s new refinery policy, paving the way for the South Asian consumer to sharply reduce its dependence on imports for gasoline and other oil products. The expectations come amid a string of refinery upgrade works, with the 155,000 b/d Byco refinery and 50,000 b/d Pakistan refinery taking fresh steps to upgrade refining units to be able to produce higher quality motor fuels. Plans for the new 120,000 b/d Trans Asia refinery have also made progress, with an agreement between Pakistan Flow Petroleum Ltd and the UAE’s Al Ghurair Investments being signed in mid-April, industry sources and refinery officials told S&P Global Platts.

Hong kongShankar talrejaYousuf saeedAbdul azeemYawar uz zamanHead of research at darson securities ltdOil companies advisory councilPower china international groupPakistan state oilPakistan flow petroleum ltdInfrastructure hong kong oriental times corporation ltdSouth asianTrans asiaGhurair investmentsDarson securities ltdSpectrum securities