Byco

Byco Oil Pakistan Limited is a Pakistani petroleum company which is a subsidiary of Mauritius-incorporated company Byco Industries Incorporated.[1] It is based in Karachi, Pakistan.

Byco Oil Pakistan
TypePublic
PSX: BYCO
IndustryPetroleum
Founded1995 (1995)
HeadquartersKarachi, Pakistan
Area served
Pakistan
Websitewww.byco.com.pk

It works in oil refining, petroleum marketing, and petroleum logistics business in Pakistan.[2]

History

Byco is Pakistan's largest oil refinery by design capacity (155,000 barrels per day) and is the nation's only firm having a dedicated Single Point Mooring (SPM).[3] Byco's SPM the first and only liquid port in the country. The SPM is Pakistan's only terminal having a tier 3 oil spill response membership.

Byco refines crude oil into various marketable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil. Having operated as a low complexity refinery since inception it is upgrading to produce more high value products and less furnace oil. Byco's marketing network supports retail outlets in more than 100 cities all over Pakistan and is an emerging player.[4]

Financial Performance

Byco posted Rs 2.43 billion overall loss for the fiscal year 2020, which resulted in Rs 0.46 loss per share.[5]

References
  1. http://www.byco.com.pk/orgchart/tooltip_bii.html
  2. https://profit.pakistantoday.com.pk/2017/06/16/byco-petroleum-to-become-pakistans-largest-fuel-maker-says-bloomberg/
  3. https://www.youtube.com/watch?v=V2vdwu_kegc&t=1s
  4. The International News: January 13th, 2021: Byco begins constructing plants for Euro 5 and 6 gas and diesel
  5. Research, B. R. (2020-09-25). "Losses mount for BYCO". Brecorder. Retrieved 2020-09-25.
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