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HomeBusinessBROWNFIELD REFINERY POLICY AND IMPACT

BROWNFIELD REFINERY POLICY AND IMPACT

Ministry of Energy kay Petroleum Division ne Brownfield Refineries ko upgrade karne kay liye Pakistan ki Oil Refining Policy (2023) release kardy hai.

Policy ka purpose fuel ki quality ko boost karna hai.

Upgraded Plant refineries ko MS & HSD sales per 10% ka tariff protection milta hai.

Tariff ki limit 20% project cost hai jis mein se (22% used plants kay liye hai). Refineries ko upgraded agreement kay sath OGRA kay liye PKR 1.0Bn ki bank guarantee bhi required hai.

MS AND HSD PAR 10% TARIFF PROTECTION

Upgraded Refineries ko MS aur HSD par 6 years tak 10% ki tariff protection di jaye gi. 

Existing refineries ki HSD par 7.5% duty hai.

Tariff ki upgraded cost 25% tak hi capped hogi.

MS (35%) ka share zyada hone ki waja se Attock Refinery (ATRL) ko sab se zyada benefit ho sakta hai.

Expected gain around USD 4.0/bbl hai. 

Fiscal cap benefits ko limited kar sakti hai.

UPGRADATIONS KAY THROUGH UNPROFITABLE PRODUCTS KI ELIMINATION

Refineries Upgradations Pakistan ki Refineries ko loss dene wale products jese Naphtha and Furnace Oil ko khatam karne mein madad karenge and high-margin products jese HSD and MS ko increase karenge. 

Current fiscal year mein low demand ki waja se FO margins USD – 13.9/bbl kay aas paas rahe hain, jis se refiners ko export par loss ho raha hai.

Upgradations FO kay share ko 23.0% se kam kar kay 4.0-5.0% karne ka aim hai jiska purpose average refining spreads ko boost karna hai.

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