Company Profile
Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January 09, 1995 and was granted the certificate of commencement of business on March 13, 1995. The shares of the company are listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Company is engaged in the business of refining of crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.
The Oil Refinery is located at Mouza Kund, Hub, Balochistan. The Company commenced its commercial production from July 1, 2004 and ramped up the capacity to 30,000 bpd from February 2008 after debottlenecking of the whole plant.
The refining capacity was further enhanced by 5,000 bbl/day during turnaround in June 2010, hence making the total refining capacity to 35,000 (barrels per day).
During the year 2007, the Company has launched its fuel marketing activities managed by the Petroleum Marketing Business (PMB) formerly known as Oil Marketing Unit. The business has been re-launched with a new vision and has developed progressively during this period and is now growing aggressively, more than 219 retail outlets have been set-up, primarily focusing on retail segment and PMB is now expanding the canvas by targeting to become a dominant player in the industrial, international and retail segments. Going forward, PMB will be increasing its product portfolio by adding LPG and lubricants as well.
Plans are also underway to make LPG available at the Filling Stations, as well as to market LPG cylinders with the Company’s Brand through a distribution network and launch branded lubricants for the automotive and industrial sectors which will be available at the Filling Stations as well as in the commercial markets.
PMB is focusing and planning to cater to the international opportunities available in the region where it can market petroleum and lubricant products.
With ever-increasing competition in the market today, availability of product is a major challenge for all Oil Marketing Companies (OMCs). Byco has a distinctive advantage through its Refinery, to meet the product requirement in the south of the Country.
To assist in the delivery of product to the consumers at their doorstep, to cater to the fast growing requirements of the business in other parts of the Country, arrangements are in place to acquire products through other sources, like the White Oil Pipeline, as well as purchases from other refineries and oil marketing companies.
| KEY FACTS | Byco Petroleum Pakistan Limited (BPPL) | |
|---|---|---|
| Name | Byco Petroleum Pakistan Limited | |
| Country | Pakistan | |
| Date of Incorporation | January 9, 1995 | |
| Jurisdiction | Under Companies Ordinance Act 2002, Pakistan. | |
| Location | Mouza Kund, Hub, Baluchistan, Pakistan | |
| Status | Listed Company | |
| Chief Executive Officer | Mujtaba Jafarey | |
| Registered Address | 9th Floor, The Harbour Front, Dolmen City, HC-3, Block-4, Marine Drive, Clifton, Karachi-75600, Pakistan. | |
| Portfolio | Oil Refining | Petroleum Marketing |
| Status | Operational | Operational |
| Capacity | 35,000 barrels per day | 219 Retail Stations |
| Major Products | Refined Petroleum Products (Gasoline, High Speed Diesel, Furnace Oil etc). | Marketing of Petroleum products. |
| Website | www.byco.com.pk | |
| Subsidiary | Byco Terminals Pakistan Limited | |
| Company Auditors | KPMG Taseer Hadi & Co., Chartered Accountants | |
| Shares Registrar | FAMCO Associates (Pvt) Limited | |
| Memberships |
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| National Tax Number (NTN) |
0815616-6 | |
| Computer generated Unique Identification Number (CUIN) |
0034007 | |