PAK-ARAB REFINERY LTD. (PARCO)
Energy Lifeline for the Nation
PAK-ARAB REFINERY LTD. (PARCO), is a Joint Venture between the Government of Pakistan (60%) and the Emirate of Abu Dhabi (40%), through its Mubadala Investment Company.
PARCO's major business activities are:
PARCO has the most modern refinery in Pakistan having a capacity of 100,000 BPD, over 2000 kms of cross country pipeline network (including its JV subsidiary Pak-Arab Pipeline Company Limited (PAPCO) with a strategic storage of over one million tons, and a rapidly expanding retail network of TOTAL PARCO (TPPL) - a joint venture with TOTAL of France. After the acquisition of Chevron Pakistan Limited (renamed as TOTAL PARCO Marketing Limited) by TPPL, today, the TOTAL PARCO network is a 50:50 joint venture with more than 800 retail fuel outlets, plus a lubricants blending and marketing business, making it the 2nd Largest Oil Marketing Company in Pakistan.
PARCO is also marketing nationwide LPG under the brand of PARCO Pearl Gas and fuel oil under the Pearl brand. High quality asphalt is also being marketed as Biturox®.
With continued support of the Government of Pakistan and Emirate of Abu Dhabi, PARCO over the years has been able to implement a number of energy projects that have contributed significantly in enhancing the country’s economic growth, saving foreign exchange, transferring technology and providing employment.
PARCO`s performance is reflected not only in its technical and financial results, but can also be judged by its other achievements and awards e.g. Company has maintained its AAA and A1+ long and short term credit rating by Pakistan Credit Rating Agency (PACRA) for the last two decades. The company is amongst the first in Pakistan with three simultaneous international certifications: ISO 9001: 2015 (Quality Management System), ISO 14001: 2015 (Environmental Management System) and ISO 45001:2018 (Health and Safety Management System). PARCO has also received Environment Excellence Awards for the last several years and is rated among the top 10 organizations in Pakistan for outstanding achievement in Environment Management.
From producing environment friendly products to efficient, world class facilities and infrastructure, building a competent team, and major social initiatives, PARCO is doing its utmost in Providing Energy with Responsibility.