PARCO means energy!

Pak Arab Refinery Limited incorporated in Pakistan in May 1974, as a Public Limited Company, Pak-Arab Refinery Limited (PARCO) is a 60:40 joint venture between the Governments of Pakistan (GOP) and Abu Dhabi with a paid-up capital of Rs 12 billion.
In the last 26 years, the company has expanded a phenomenal 24 times and has achieved an equity base of over Rs 22 billion and an asset base approaching Rs 100 billion or close to US $1.5 billion in current dollar terms.
"AN ENLIGHTENED INVESTMENT DECISION IN ANYONE'S BOOKS!" It was the first and the only AAA rated Company by PACRA in the country and continues to command that credit worthiness for an unprecedented sixth year running. PARCO's Board is made up of six GOP Directors including the Chairman and the Managing Director and four Abu Dhabi Directors representing ADPI.
PARCO IS TRULY AN ENERGY COMPANY: PARCO as an energy company is the key player in the country's strategic oil supply and its logistics. With the synergy of a comprehensive and expanding oil pipeline network, integrated with a significant and modern refining capability, PARCO has emerged as the strategic fuel supplier to the country.
PARCO's competitive advantages through the integration of pipeline operation, strategic storage, leading edge refining and a significant role in marketing of petroleum products, have enabled it to achieve a unique position in the energy supply chain.
PARCO'S MID-COUNTRY REFINERY: PARCO's 100,000 BPD, state-of-the-art Mid-Country Refinery at Mahmood Kot completed at a cost of US $886 million represents more than 40% of the indigenous refining capacity of the country.
It helps substitute imports of refined value added oil products to the tune of US $100 million per year.
INTRODUCTION OF UNLEADED FUEL: In Pakistan, PARCO pioneered the successful introduction of 87 octane unleaded motor gasoline in June 2001, whose quality has been enhanced to 90 octane since March 2003.
PARCO was also able to successfully export unleaded 90 octane gasoline since it met all international standards.
PARCO is therefore delighted to be able to contribute to a much healthier environment and improved quality of life for future generations.
MARKETING INITIATIVES: Under a Technical Services and Support Agreement (TSSA), SHV of Holland is marketing 25% of PARCO's LPG production as 'PEARL Gas'.
PARCO is currently marketing OMV Austria's lubricants through the brand name of 'PEARL Lubes'.
PARCO is also locally producing lubricants in two grades of engine oil PEARL energy for Gasoline engines and PEARL zabardast for Diesel engines strictly under its own formulation and supervision to ensure the highest standard.
PARCO's joint venture with Total, France is marketing consumer petroleum products under the co-branding of TOTAL-PARCO through a rapidly emerging national network of retail outlets.
Already more than 40 have been commissioned in the first 18 months of its operations at an investment of US $15 million and generating 1000 jobs per year.
AN EXPANDING STRATEGIC PIPELINE NETWORK: PARCO operates a crude oil cum product pipeline. It transports mainly crude from Karachi to Mahmood Kot near Multan for its Mid Country Refinery, and refined products, like diesel and kerosene, to Faisalabad and to Machike, near Lahore through its 1228 KM long 16", 18" and 20" diameter pipeline. PARCO's Pipeline System includes a network of highly sophisticated Telecommunication facilities and a comprehensive Supervisory Control and Data Acquisition (SCADA) System.
PARCO's 864 km Karachi to Mahmood Kot pipeline, with the initial annual pumping capacity of 2.9 million tons, with technological up gradation of the system is now capable of pumping upto 6.0 million tons.
In June 1997, PARCO completed its 360 KM MFM (Mahmood Kot- Faisalabad -Machike) Pipeline Extension Project. The Project design allows for future spur lines from Faisalabad to Kharian and Sahiwal.
PARCO's pipeline has become a vitally critical and efficient life support system for the Central and Northern areas of the country.
In addition to its strategic nature, it is contributing to the national exchequer not only through payment of attractive dividends, taxes and import duties but also by delivering major savings in freight pool expenses and foreign exchange through import substitution. It has also created significant additional employment opportunities in the country.
WHITE OIL PIPELINE PROJECT (WOPP) At a cost of US $480 million, PARCO is currently constructing another cross-country pipeline infrastructure of major strategic significance for Pakistan.
The 817 km White Oil Pipeline is designed to carry refined petroleum products from Karachi to Mahmood Kot with a capacity going up to 12 million tons per year from the initial 5 million tons.
A joint venture company called Pak-Arab Pipeline Company Limited has been formed by PARCO in collaboration with country's major Oil Marketing Companies (SPL, PSO & COPL). By managing the project implementation as well as its subsequent operation, PARCO is making available its unique experience and expertise in project execution, pipeline management and operations.
This Public-Private Initiative (PPI) also demonstrates PARCO's willingness to collaborate with all like minded stakeholders to achieve a win-win for all.
PARCO'S PEOPLE: While PARCO's business is energy, its real strength is its people.
They are considered the company's most critical asset. PARCO believes that management draws the outline of its vision while members of the management team give the vision real shape and colour.
Just as the management team is key to an organisation's success, the organization's culture and climate is the mould that produces good performance.
PARCO, over the years, has evolved a dynamic and supportive environment that enables professional excellence.
Its people are allowed and encouraged to release their creative energies to support its vision while promoting and protecting the interests of the company and its shareholders.