Pakistan Refinery Limited is located Karachi

Karachi

Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...

, Sindh

Sindh

Sindh historically referred to as Ba'ab-ul-Islam , is one of the four provinces of Pakistan and historically is home to the Sindhi people. It is also locally known as the "Mehran". Though Muslims form the largest religious group in Sindh, a good number of Christians, Zoroastrians and Hindus can...

, Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

. Pakistan Refinery was incorporated in Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

 as a public limited company in May 1960 and is quoted on Karachi

Karachi

Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...

 and Lahore

Lahore

Lahore is the capital of the Pakistani province of Punjab and the second largest city in the country. With a rich and fabulous history dating back to over a thousand years ago, Lahore is no doubt Pakistan's cultural capital. One of the most densely populated cities in the world, Lahore remains a...

 Stock Exchanges. The address of its registered office is Korangi

Korangi

Korangi is one of the neighborhoods of Landhi Town in Karachi, Sindh, Pakistan.Korangi Town is a town in the eastern parts of Karachi, Pakistan, south of the Malir River...

 Creek Road, Karachi

Karachi

Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...

. The company is engaged in the production

Production, costs, and pricing

The following outline is provided as an overview of and topical guide to industrial organization:Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions...

 and sale

Sales

A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....

 of petroleum products.

History

The foundation stone was laid by the then Minister for Fuel, Power and Natural Resources in late 1950s. Within 4 months the silhouette of the Refinery could be seen as it appears today. In addition to this construction at Korangi, a Tank Farm at Keamari has been built to facilitate the storage and transfer the crude oil from Karachi port to the Refinery.

The plant came into operation in October 1962, two months ahead of schedule. The official opening of the Refinery

Refinery

A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value.-Types of refineries:Different types of refineries are as follows:...

 was commemorated by Field Marshal

Field Marshal

Field Marshal is a military rank. Traditionally, it is the highest military rank in an army.-Etymology:The origin of the rank of field marshal dates to the early Middle Ages, originally meaning the keeper of the king's horses , from the time of the early Frankish kings.-Usage and hierarchical...

 Muhammad Ayub Khan, the then President of Pakistan

President of Pakistan

The President of Pakistan is the head of state, as well as figurehead, of the Islamic Republic of Pakistan. Recently passed an XVIII Amendment , Pakistan has a parliamentary democratic system of government. According to the Constitution, the President is chosen by the Electoral College to serve a...

 on November 14, 1962. The design capacity of the Refinery was 1 million tons of crude oil per annum, but was increased to 2.1 million tons per annum later.

The Company

The refinery is a hydro-skimming refinery, and produces high speed diesel, furnace oil, motor spirit, Naphtha

Naphtha

Naphtha normally refers to a number of different flammable liquid mixtures of hydrocarbons, i.e., a component of natural gas condensate or a distillation product from petroleum, coal tar or peat boiling in a certain range and containing certain hydrocarbons. It is a broad term covering among the...

, kerosene

Kerosene

Kerosene, sometimes spelled kerosine in scientific and industrial usage, also known as paraffin or paraffin oil in the United Kingdom, Hong Kong, Ireland and South Africa, is a combustible hydrocarbon liquid. The name is derived from Greek keros...

, jet fuels and liquified petroleum gas

Liquified petroleum gas

Liquefied petroleum gas is a flammable mixture of hydrocarbon gases used as a fuel in heating appliances and vehicles. It is increasingly used as an aerosol propellant and a refrigerant, replacing chlorofluorocarbons in an effort to reduce damage to the ozone layer...

. All the products are sold locally except for naphtha

Naphtha

Naphtha normally refers to a number of different flammable liquid mixtures of hydrocarbons, i.e., a component of natural gas condensate or a distillation product from petroleum, coal tar or peat boiling in a certain range and containing certain hydrocarbons. It is a broad term covering among the...

 which is exported.