Byco Energy

In a short span of just two decades, Byco Petroleum has become the largest oil refining firm of Pakistan. Byco has made its second oil refining complex, ORC-2, operational in 2017, which is the single largest refinery in the country, with a production capacity of 120,000 barrels per day (bpd), bringing Byco’s refining capacity to 155,000 bpd, which is unrivalled in Pakistan.Engaged in oil refining, petroleum marketing, and petroleum logistics, Byco produces a wide range of petroleum products with a vision of achieving sustainable productivity and shareholder return while upholding high environmental, health and safety standards. One of Byco’s major strategic advantages is its Single Point Mooring (SPM) facility. The SPM is the only floating liquid port in the country, allowing Byco to import both crude oil and refined petroleum products directly. Byco’s SPM is a strategic advantage for Pakistan’s economy and a National Asset. “My father, the late Pervez Abbasi, began Bosicor in 1995, with a view to giving back to Pakistan. That dream mashallah is being realized with Byco’s ORC-2 which has commenced operations this August.” At full capacity, Byco can manage 27% of the national demand of Pakistan for petroleum products, and nearly 39% of the indigenous product demand. “We hope to keep increasing our production, which saves the national exchequer significant foreign exchange which would otherwise be spent on importing refined products”, said Mr. Amir Abbassciy, CEO of Byco Petroleum Pakistan Ltd, on the occasion of re-commissioning of ORC-2.Byco currently refines crude oil in to various marketable components including Liquefied Petroleum Gas, Light & Heavy Naphtha, High Octane Blending Component, motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel, and Furnace Oil. The company has its own nationwide network of retail petrol stations across all five provinces of Pakistan. Byco has recently also launched its Lubricants business as well.