No decision is made as yet to buy a second-hand refinery complex, PRL clarifies
MG News | April 12, 2021 at 02:46 PM GMT+05:00
April 12, 2021 (MLN): Pakistan Refinery Limited (PRL) is looking to buy a second-hand refinery complex to upgrade its operations. In this regard, it is hereby clarified that the Company is exploring the option of pre-owned/used refinery units in addition to the option of new refinery units for cost-effective analysis. No decision is made as yet for finalizing any of the aforesaid options.
It is to be noted that the Company had already communicated on the PSX portal in March 2019 regarding exploring the option of upgrade project with new refinery units. The said upgrade project is aimed at compliance with Government's directive to comply with the Euro-V standard for petroleum products.
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