Mubadala

PAK-ARAB Refinery (PARCO)

PAK-ARAB Refinery (PARCO)

The largest fully integrated energy company in Pakistan focused on refining, transportation, storage and marketing.

PAK-ARAB Refinery (PARCO)

Headquartered in Karachi, Pakistan, Pak-Arab Refinery Ltd (PARCO) is a fully integrated energy company and the strategic fuel supplier to Pakistan with a broad portfolio of operational ventures.

 

With more than 1500 employees, PARCO is the second largest refinery in Pakistan. The shareholder stake within the company is combined of Mubadala with 30%, OMV with 10% and Government of Pakistan with a 60% stake. The company’s major business activities are in refining, transportation, storage and marketing of fuels in JV with TOTAL of France, marketing and distribution of LPG.

PARCO owns the Mid-Country Refinery (MCR) which was commissioned in the year 2000 and has a refining capacity of 100,000 BPD, combined storage capacity of more than one million metric tons, a marketing joint venture with TOTAL (France) and a technical support venture with OMV (Austria). PARCO along with its subsidiary PAPCO, has a pipeline network that extends over 2,000km from Karachi to Machike. This includes major pipelines such as Karachi-Mahmoodkot, Mahmoodkot– Faisalabad- Machike (MFM) and the White Oil Pipeline (WOP).

In addition, the company is heavily involved in the marketing and supply of oil products, under the Pearl brand, and Bitumen to industrial customers.

With the continued support of the Emirate of Abu Dhabi, PARCO has been able to realize a number of energy projects that have contributed significantly to enhancing Pakistan’s economic growth, saving foreign exchange, transferring technology and providing employment.