Ecommerce & Logistics

PARCO Awards Contract to TECHNIPFMC for Pakistan’s Largest Refinery

Image Source: parco.com.pk

Pak-Arab Refinery Ltd has awarded the Project Management Consultancy (PMC) Services Contract for Pakistan’s largest refinery project to TechnipFMC. The firm will carry out pre-Energy Performance Contracting activities for PARCO. The project will be a grassroots, fully integrated, ‘deep conversion’ refinery to be constructed near Karachi at Hub.

The project will be wholly managed by PARCO subsidiary, PARCO Coastal Refinery Limited (PCRL). It will be Pakistan’s largest refinery with an association with marine loading facilities and a predicted output of 250,000 barrels per day. The agreement was signed between Mr Tariq Rizavi, CEO PCRL, and Mr. Riccardo Moizo Senior VP of PMC TechnipFMC.

The multi billion dollar venture stands to benefit local business and public good, increasing the fuel supplies for the public and for various utilities such as power generation.

The venture is a 60:40 deal between Pakistan and Abu Dhabi through the Mudabala Investment Company. TechnipFMC is a UK based company that has previously been awarded petroleum refinery contracts from the Middle East including one by the Bahrain Petroleum Company and one from Energean Oil and Gas for offshore projects in Malaysia, Israel and the Gulf of Mexico.

To Top