Groundbreaking Ceremony Of Khalifa Refinery Project To Be Held By End 2019 : Omar Ayub Khan

[RangeMaster]

https://twitter.com/x/status/1131920139618852864

8 billion $ project with output of 250000 Barrels per day. Project is joint venture between PARCO & ADNOC UAE.

 

[YeBeWarned]

Good news, we need to cut down Oil Imports as it takes a huge amount of our import budget .

 

[ali_raza]

@Khafee i guess its done lol

 

[Muslim Warrior]

https://twitter.com/x/status/1131920139618852864

8 billion $ project with output of 250000 Barrels per day. Project is joint venture between PARCO & ADNOC UAE.

Wasn't the refinery supposed to be of Saudi Arabia after MBS visit ? Or it was a completely separate project ??

 

[CHACHA"G"]

One of the Great News ……… UAE's Oil refinery is here soon we will have KSA ..
@Khafee , @zulu , @Dubious , @BHarwana , @Imran Khan , @maximuswarrior and All Pakistanis

 

[zulu]

Mashallah great news even that refinery process will save us over 1.5 billion dollar per annum

One of the Great News ……… UAE's Oil refinery is here soon we will have KSA ..
@Khafee , @zulu , @Dubious , @BHarwana , @Imran Khan , @maximuswarrior and All Pakistanis

 

[maximuswarrior]

This is very good news.

 

[Crystal-Clear]

location?

 

[Pakistansdefender]

Wasn't the refinery supposed to be of Saudi Arabia after MBS visit ? Or it was a completely separate project ??

It is the very same. Memorandum of understanding was signed.. Now they have worked selected the land, made the peasibikity reports and maps and all the payment issues and the project would kick start in November. Some saudia royal would also join..maybe other projects would also start because they pledge 20 billion.

 

[Goenitz]

I heard this news first time in 2010.. I think then location was near Hub... hope, now they really do.

 

[Clutch]

Wasn't the refinery supposed to be of Saudi Arabia after MBS visit ? Or it was a completely separate project ??

Separate project.

 

[niaz]

It is the very same. Memorandum of understanding was signed.. Now they have worked selected the land, made the peasibikity reports and maps and all the payment issues and the project would kick start in November. Some saudia royal would also join..maybe other projects would also start because they pledge 20 billion.

No Sir, it is not.

250K bpd Parco Coastal Refinery at Khalifa Point, Lasbela was first Okayed by GOP in 2007 as a joint venture between International Petroleum Investment Company of Abu Dhabi (74%) & Parco (26%). per my info, the initial project also included a Sea Port Jetty, a 250MW power plant and residential colony for the staff and was scheduled to be completed by 2012.

https://www.khaleejtimes.com/article/20071112/ARTICLE/311129984/1036

Despite the fact that GOP had granted a 20 year Tax Holiday. For one reason or another, the plan was put on hold by Abu Dhabi. In 2013 it was revived again, now after another 6 years the construction is finally supposed to begin. This goes to show the time lag between the approval of a project and its implementation! This means that refinery would probably be coming on stream about 15 years after the agreement was signed

The MOU with MBS is for a refinery at Gwadar; if the Khalifa Point Refinery' example is anything to go by; it would be at least 10 years from now before the construction actually begins.

The main reason for the long delay being that MOU’s/Agreements are meant for “Headline” grabbing purposes only. Since the funding comes from foreign countries which have different priorities; investments in Pakistan must wait until it is convenient for the donor gov’t to put up the money.

http://www.pakistaneconomist.com/2018/12/10/prime-khalifa-refinery-hoping-to-reap-benefits/

 

[Samlee]

No Sir, it is not.

250K bpd Parco Coastal Refinery at Khalifa Point, Lasbela was first Okayed by GOP in 2007 as a joint venture between International Petroleum Investment Company of Abu Dhabi (74%) & Parco (26%). per my info, the initial project also included a Sea Port Jetty, a 250MW power plant and residential colony for the staff and was scheduled to be completed by 2012.

https://www.khaleejtimes.com/article/20071112/ARTICLE/311129984/1036

Despite the fact that GOP had granted a 20 year Tax Holiday. For one reason or another, the plan was put on hold by Abu Dhabi. In 2013 it was revived again, now after another 6 years the construction is finally supposed to begin. This goes to show the time lag between the approval of a project and its implementation! This means that refinery would probably be coming on stream about 15 years after the agreement was signed

The MOU with MBS is for a refinery at Gwadar; if the Khalifa Point Refinery' example is anything to go by; it would be at least 10 years from now before the construction actually begins.

The main reason for the long delay being that MOU’s/Agreements are meant for “Headline” grabbing purposes only. Since the funding comes from foreign countries which have different priorities; investments in Pakistan must wait until it is convenient for the donor gov’t to put up the money.

http://www.pakistaneconomist.com/2018/12/10/prime-khalifa-refinery-hoping-to-reap-benefits/

Sir I First Heard About This Refinery in 2006 And That It Was To Be Located In Gwadar and It Was A Second Hand Refinery From North America.It Was Later Relocated To Las Bela and The Decision For A New State of The Art Refinery Was Undetaken

It Was Not A Question Of Priority But That Of Overall Conditions(Global Financial Crisis,Political Intability and Law and Order Situation in Pakistan) That Delayed This

Speaking Of Delayed I Wonder if This Refinery Will Have A Delayed Coker Plant B'Coz If It Doesn't Then There Is Not Much Difference Between It And Those Ancient Hydroskimmers We Pass For Refineries

 

[Arsalan]

No Sir, it is not.

250K bpd Parco Coastal Refinery at Khalifa Point, Lasbela was first Okayed by GOP in 2007 as a joint venture between International Petroleum Investment Company of Abu Dhabi (74%) & Parco (26%). per my info, the initial project also included a Sea Port Jetty, a 250MW power plant and residential colony for the staff and was scheduled to be completed by 2012.

https://www.khaleejtimes.com/article/20071112/ARTICLE/311129984/1036

Despite the fact that GOP had granted a 20 year Tax Holiday. For one reason or another, the plan was put on hold by Abu Dhabi. In 2013 it was revived again, now after another 6 years the construction is finally supposed to begin. This goes to show the time lag between the approval of a project and its implementation! This means that refinery would probably be coming on stream about 15 years after the agreement was signed

The MOU with MBS is for a refinery at Gwadar; if the Khalifa Point Refinery' example is anything to go by; it would be at least 10 years from now before the construction actually begins.

The main reason for the long delay being that MOU’s/Agreements are meant for “Headline” grabbing purposes only. Since the funding comes from foreign countries which have different priorities; investments in Pakistan must wait until it is convenient for the donor gov’t to put up the money.

http://www.pakistaneconomist.com/2018/12/10/prime-khalifa-refinery-hoping-to-reap-benefits/

Sir now that i see you here, can i bother you with a question?

The reported output of this refinery is at 250000 barrels per days. A few years back Pakistan's per day consumption of oil was around 300000 barrels per days. We have existing refiners as well and their output is around 400000 Bbl/d and about 250000 undercontruction already. So this do not adds up to a person like me. Are these producing more product than we consume? Do we export refined oil? i don't think so. What am i missing?

 

[tarrar]

Any update on Saudi oil refinrey invesment in Gawadar?