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Port Qasim to have 100,000 barrels Trans Asia Oil Refinery

Port Qasim to have 100,000 barrels Trans Asia Oil Refinery

KARACHI: Trans Asia Refinery Ltd (TRL), located at Port Qasim, has declared its “total commitment” to building the most complex refinery in Pakistan, producing more than 100,000 barrels a day and 4 million tonnes of petroleum products every year.

In a major boost to the country’s economy, TRL signaled the end of previous delays with an undertaking that “the investors have decided to push the project forward in the interests of all parties and the people of Pakistan”.

TRL’s determination to see the project through to completion is demonstrated by two important initiatives announced recently. First is the appointment of Descon to undertake a complete “health check” inspection of the TRL refining equipment. The second is a newly-completed restructuring of TRL management to ensure the project proceeds with all possible haste.

Sultan Al. Ghurair, the new CEO of TRL, said he was “delighted to have Descon on board in order to develop the project further”. Descon is the leading Engineering and Construction company of Pakistan. The company said that, since the refinery had been delayed for some time, they “will perform a health check of critical equipment before the EPC contractor is finalised”.

The TRL project is a direct investment of Al-Ghurair Investment LLC, a UAE-based family conglomerate and one of the most diverse industrial groups in the Middle East. As the majority shareholder, Al Ghurair will play an important role in the future supply of fuel to the nation of Pakistan.

When completed, the TRL Refinery will annually produce 80,000 tonnes of LPG, 455,000 tonnes of Naphtha, 410,000 tonnes of Motor Gasoline, 422,000 tonnes of Jet Fuel, 1,000,000 tonnes of Gas Oil – from which 630,000 tonnes will be treated as Diesel – 1,050,000 tonnes of Fuel Oil and 200,000 tonnes of Bitumen. All the products of the refinery are in high demand in Pakistan.

The TRL Refinery will create at least 350 direct jobs and several thousand indirect job opportunities for Pakistani workers. CEO Sultan Al Ghurair said: “Our parent company and major shareholder, Al Ghurair Investment LLC, has always created long-lasting relationships – and TRL is committed to carrying on that tradition. Al Ghurair looks forward to playing a part in the future prosperity of Pakistan and its people – and the TRL Refinery is proof of that commitment”.