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  • What is the petroleum market in Pakistan?
  • PETROCHEMICAL MARKET IN PAKISTAN2.1. Oil Refineries in PakistanCurrently, there are five organizations operating in the oil refining sector in Pakistan: Pak-Arab Refinery Limited (PARCO), Attock Refinery Limited (ARL), National Refinery Limited (NRL , Pakistan Refinery Limited (PRL) and Cnergyico Pk Limited (CPL). All of the re
  • Is the tariff protection available to local refineries in Pakistan?
  • a global practice, acceptable under the rules of the World Trade Organization (WTO). However, in Pakistan, the tariff protection provided to local refineries has been declining over the years and is currently available only for HSD, which is ~30% of the total p
  • Why is refining important in Pakis?
  • sage from the Minister of Energy and Secretary Petroleum DivisionThe refining sector is the backbone of the ountry as it is critical for energy security and economic growth. The demand for petroleum products and petrochemicals has been increasing in Pakis
  • What happens if a refinery defaults in Pakistan?
  • enforceable (with a recourse) settlement is reached with the Government of Pakistan. Till such time, the defaulting refinery will deposit the incremental incentives into IFEM pool. Once a settlement is reached with the GOP, the refinery will become eligible to sign the Upgrade Agreement and open a joint Escrow Acc
  • Why does Pakis need a new refining capacity?
  • ountry as it is critical for energy security and economic growth. The demand for petroleum products and petrochemicals has been increasing in Pakis an and is expected to increase substantially in the coming years. As per the forecast, there is a need to double the country’s refining capacity and add at least one new world scale deep conversion re
  • What is a refinery in a petroleum value chain?
  • ECTION 1INTRODUCTION TO REFINERIES1. INTRODUCTION TO REFINERIESThe first el ment of the petroleum value chain is the extraction of crude oil. An oil refinery is an industrial plant that processes the crude oil to roduce diesel, gasoline and other energy and non-energy products. Gene al Refining Process All products are produced s