Pak Arab Refinery Limited (PARCO) will remain shut until November 18, 2024, for scheduled maintenance and inspection work. This will be in effect from Thursday, October 10, and is not expected to impact its operations.
PARCO is a joint venture between Pakistan and Abu Dhabi, with the latter owning 40% of Pakistan’s largest oil refinery. PARCO also owns 800 petrol pumps throughout the country through its subsidiary, Total Parco, which is a joint venture with French Company, TotalEnergies.
It is understood that this closure should not affect the work of PARCO’s subsidiaries and that operational plans are in place to continue the free-flow of the oil supply chain, including the import of
Managing Director PARCO, Irteza Ali Qureshi, stated that the refinery will remain closed with government approval, and this will not affect the oil supply chain in the country, as necessary arrangements have been made to ensure the continued supply of oil products
The Oil and Gas Regulatory Authority (OGRA) has confirmed that contingency plans are in place, including the import of additional petrol to meet the country’s demand.
According to Qureshi, oil companies are required to maintain 20 days’ worth of storage for petroleum products, in addition to the five to six days of stock held at the refineries
This strategic approach to maintenance not only preserves the refineries’ operational integrity but also aligns with environmental and safety regulations, ensuring that Pakistan’s energy sector remains responsive to both local and international industry standards.
