Kalim appointed BPM President

Bosicor Pakistan Limited (BPL), a crude oil refinery in private sector with a capacity of 30,000 barrel per day (bpd), on Thursday announced its future plans for their Petroleum Marketing with the appointment of Kalim A Siddiqui as President, Bosicor Petroleum Marketing (BPM).
Addressing a press conference here Chairman BPL, Amir Abbaciy said that the Bosicors two leading projects - crude oil refinery and petrochemical complex will be completed by June 2010 with the total cost of 500 million dollar. He said that the BPL is listed in all three stock exchanges of the country and has its own marketing licence. It has 40 gas stations across the country.
He said that the company supplies a range of petroleum products in local and international markets and is in the advance stage of completing major projects of around 100 million dollar, including installation of first Isomerization Unit of the country with a capacity of 12,500bpd, which will convert the Heavy Naptha into high quality motor gasoline; installation of first single buoy mooring & sub-sea pipeline in the country and storage tanks with a capacity of 144,000 tones, which includes the largest crude oil storage tanks of the country.
Kalim Siddiqui who will be leading Bosicors Petroleum Marketing Business initiatives to become a dominant market player, said, "Being Pakistans only refinery having a licence for marketing petroleum products, and already with 40 Gas Stations across the country, Bosicor is bullish on the prospects of enhancing its role in the petroleum marketing initiatives in Pakistan."
Bosicor Corporation Limited (BCL) and Abraaj Capital Limited (ACL), (a premier investment firm have joined hands, in 2008, for further expanding Bosicor ventures in Refining and Petrochemicals by putting up concurrently our Countrys largest refinery and petrochemicals complex.
These projects are being developed in Bosicor Chemicals Pakistan Limited (BCPL), (an under construction Aromatic Complex of 17,100 bpd), and Bosicor Oil Pakistan Limited (BOPL), (an under construction refinery of 115,000 bpd), from the ownership platform of Byco Industries Inc (BII), A joint venture company owned 60 percent by BCL and 40 percent by ACL. This venture has resulted availability of additional foreign investment of 135 million dollar in Pakistan.
Through new venture Abraaj will bring international reputation and foreign currency equity funds for timely completion of the on-going projects, while Bosicor in addition to its share in equity will also contribute its expertise in oil refining, petrochemicals/marketing sector making a combination which will add value in improving the pace of delivery of the growth plan and polishing performance skills. Muhammad Wasih Khan and other high ups of BPL were also present on this occasion and briefed the media about the companys future plan.