Printer Friendly

Attock refinery limited: great heritage greater vision.

Introduction

Attock Refinery Limited (ARL) is a member of the Attock Group of Companies, the only fully integrated Group covering all segments of oil and gas industry from exploration, production and refining to marketing of petroleum products, besides being also engaged in power generation, manufacturing and trading of cement and other entrepreneurial activities. ARL is strategically located up-country and caters to the petroleum products requirements in its region of location.

Since its commissioning in 1922, ARL has passed through various stages of transformation and has stood the test of time through war and peace. From Batch distillation stills of 2,500 Barrels Per Day (BPD), today it has grown into a modern state-of-the-art refinery with a capacity of 42,000 BPD.

ARL was incorporated as a private Limited Company in November 1978 to undertake the business of The Attock Oil Company Limited (AOC) relating to refining of crude oil and supply of refined petroleum products. It was subsequently converted into a Public Limited Company in June 1979 and is listed on the three Stock Exchanges of the country. The Company is also registered with the Central Depository Company of Pakistan (CDC).

Strategically located at Rawalpindi, ARL's configuration allows it to process from the lightest to the heaviest (23-65 API) Crudes to produce a complete range of Petroleum Products from LPG to Asphalt including specialty products such as Jet Fuels (Jet A-l, JP-8) Cutback Asphalts, Polymer Modified Bitumen, Mineral Turpentine Oil, Jute Batching Oil and Solvent Oil.

ARL is receiving and processing crude from Northern and Southern oil fields of Pakistan. Crude is received both through pipeline and road bowsers. ARL is the only refinery processing all the Heavy Crude produced in the country.

It all began in 1922, when two small (2,500 Barrel per day) "Stills" came on stream at Morgah. The setting up of these facilities followed the first discovery of oil at Khaur where drilling started on January 22,1915 and at a very shallow depth of 223 feet 5,000 barrels of oil flowed. Fortune turned in 1937 with the discovery of oil in Well No. 7 at Dhulian.

As the crude availability and the demand for petroleum products in the area has increased, so has the capacity of the refinery. The capacity of the refinery was increased in 1981 by the addition of two Distillation units of 5,000 and 20,000 BPD capacity each. Another major expansion and upgradation project was completed in 1999 with the installation of Heavy crude Unit of 10,000 BPD and a Catalytic Reformer of 5,000 BPD. A Captive Power Plant with installed capacity of 7.5 Megawatt was commissioned in 2000.

[ILLUSTRATION OMITTED]

Value Addition

ARL is in continuous search for value-added products and has produced

and supplied Polymer Modified Bitumen (PMB), which is the first venture of this kind in the country and in line with our long term commitment for bringing innovation to our valued customers, ensuring durability and maintainability of Pakistan's roads in the process. ARL has also successfully added JP-8 to its range of Jet fuels production, which already includes JP-1.

-added products and has produced and supplied Polymer Modified Bitumen (PMB), which is the first venture of this kind in the country and in line with our long term commitment for bringing innovation to our valued customers, ensuring durability and maintainability of Pakistan's roads in the process. ARL has also successfully added JP-8 to its range of Jet fuels production, which already includes JP-1.

ARL is supplying Unleaded Gasoline, Low Sulfur Diesel and Low Sulfur Furnace Oil to the market in line with its policy of producing more environment friendly fuels. ARL is now targeting low benzene and low aromatics gasoline production.

Exports

ARL is exporting Petrochemical grade Naphtha to Singapore, Middle East, etc.

Contribution to the National Economy of Pakistan

ARL is enormously contributing towards the economy of Pakistan as under:

* Supply of petroleum products to Civil and Defense establishments including Airlines, Railways, Power stations, Cement and other industries. Providing an outlet to indigenous produced crude off in Pakistan and particularly from the Northern fields.

* Generation of government duties/taxes on supply of petroleum products.

* Generation of foreign exchange earnings through petroleum products exports.

* Providing employment and work opportunities in the Refinery including deployment of large transportation fleet for crude oil and products movement.

ARL & Best Business Practices

At ARL, we are committed to follow the highest standards of ethical business practices. Our actions are governed by the values and principles that we share. We have committed our self to conduct the business in an honest, ethical, transparent and legal manner.

ARL ensures full compliance with:

1. Code of Corporate Governance issued by the Securities & Exchange Commission of Pakistan.

2. ARL's Statement of Ethics and Business Practices

3. ARL Core Values and

4. Code of Practice for Gender Justice at the workplace.

ARL compliance with the Best Business practices is evident from the following awards/recognitions received from various national and international prestigious institutions.

* Best Corporate Report Award.

* Country's Premier Corporate Excellence Award.

* Exporter of Petroleum Products Award.

* Environment Excellence Award.

* Corporate Social Responsibility (CSR) Award.

* Gender Justice Award.

* International PLATTS Global Award.

* People as a key Resource Award. Best Sustainability Report Award.

* Global Compact Responsible Business Award.

* HR Recognition Awards. Corporate Social Responsibility (CSR)

ARL promotes CSR as part of its core values to create the foundation for a more equitable, just, productive, competitive and knowledge-based environment. [^.E]ARL history of over 85 years is replete with CSR initiatives. [^.E]ARL's activities in this domain are distinguished from others on account of the innovative and sustainable nature of its CSR initiatives socially, economically and environmentally. [^.E]ARL's priority areas for CSR activities are health, education, women and youth development, environment, provision of potable water and poverty alleviation. Investing in the communities in which we operate is not just a demand that must be met; it is a philosophy that we adhere to. [^.E]ARL, therefore, places tremendous emphasis on contributing to the well being of the communities in which we operate. [^.E] We continue to undertake community projects in consultation with local communities and administrations.

ARL's CSR Initiatives whether in the field of environment, health care, development of women skills, alleviation of poverty; or conservation of rich biodiversity are all sustainable in nature.

Diversification and Expansion Plans

ARL's management is committed to:

1. Increasing refining capacity;

2. Providing environment friendly and high quality petroleum products;

3. Clean, pollution free production practices; and

4. Diversification.

ARL is in the process of installing a Preflash Unit of 10,400 BPD to enhance its existing distillation capacity and with the addition of a new heater on HBU-II which will further enhance the capacity by 1,000 BPD, the total distillation capacity of the Company will increase to 53,400 BPD. The Pre-flash Unit will cater for the expected crude discoveries in the region. Further to upgrade the quality of PMG, the Company is also installing an Isomerization Unit which will enable the Company to produce more environment friendly motor gasoline.

[ILLUSTRATION OMITTED]
COPYRIGHT 2011 Economic and Industrial Publications
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Company Profile
Comment:Attock refinery limited: great heritage greater vision.(Company Profile)
Publication:Economic Review
Geographic Code:9PAKI
Date:Nov 1, 2011
Words:1179
Previous Article:Shell Pakistan.
Next Article:International Industries Limited (IIL) is a premium producer of steel tubing and galvanized pipes in Pakistan.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters