Business Recorder
Attock Refinery Limited (ARL), a key player in Pakistan’s downstream petroleum sector, announced on Thursday that receipts of crude oil and product dispatches through oil tankers had started to normalise. The listed refinery shared the development in a notice to the Pakistan Stock Exchange (PSX). On Wednesday, ARL said it had shut down its main crude distillation unit (HBU-I) of 32,400 Barrels Per Stream Day (BPSD) capacity. “Due to the expected arrival of foreign delegates in Islamabad , there has been an abrupt suspension of oil tank lorry movement to and from ARL,” the notice read. The company stated that the situation had adversely affected crude oil receipts and product dispatches, directly affecting refinery operations. In its notice to the PSX today, the company said the situation has started to normalise after intervention and support from relevant authorities. “We expect that normal operations will resume within the next few days,” the bourse was informed. Attock Refinery was incorporated in Pakistan on November 8, 1978, as a private limited company and was converted into a public company on June 26, 1979. It is principally engaged in the refining of crude oil. The company is a subsidiary of Attock Oil Company Limited (England), and its ultimate parent is Coral Holding Limited (a private limited company incorporated in Malta).
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