F.P. Report
KARACHI: Byco Petroleum Pakistan Limited is celebrating its Silver Jubilee on Thursday. Byco was founded on 9 January 1995, and has become Pakistan’s largest oil refining company by installed capacity in the past quarter century. Byco has made untiring efforts to serve the nation and to achieve its mission of becoming Pakistan’s premier Oil Company despite facing serious obstacles in its path.
Byco’s CEO, Mr. Amir Abbassciy, remarked on Byco’s Silver Jubilee: “On 9 January 1995, my father, Mr. ParvezAbbasi, and I founded this company with the vision to make Pakistan self-sufficient in energy production. Mr. Abbasi was a farsighted leader who instilled in Byco a consuming desire to dream. His dreams and vision continue to guide Byco and help us grow.
Byco launched its first refinery in 2004, with a refining capacity of 18,000 barrels per day. In 2007 we launched our first retail outlets in Sukkur and Rawalpindi. In 2012, Byco commissioned Pakistan’s first and only Single Point Mooring, a dedicated deep sea floating port for petroleum shipments, a national strategic asset which has imported 11 million tons of crude oil to date. The SPM is a testament to the innovative spirit that my father instilled into Byco’s DNA.
Today, Mash’Allah, Byco has 389 retail outlets across the country with about half of our products sold through our own marketing channel. Our road has never been easy: Byco has seen more serious challenges than any other refinery in the course of our existence. We continue to face serious challenges to our existing business model even today. But Alhamdulillah we have always met our challenges bravely, head-on, and persevered. With the Grace of Allah SWT, Byco has proved its mettle by facing its considerable obstacles successfully.
I have an unrelenting trust in Byco’s potential to become a great strategic asset due to the capabilities of Byco’s dedicated, hard working and loyal Team. Though we have realized many a dream and steadily taken steps towards our vision, our path to the future has only just begun. Leveraging our greatest asset, our employees, Byco intends to rise to greater heights in the future Insha’Allah, diversifying our revenue streams, expanding our refining capacity, and making our business model future-proof by investing in and upgrading our facilities and infrastructure.”
Byco Petroleum Pakistan Limited (BPPL) is one of Pakistan’s leading energy firms, engaged in the businesses of oil refining, petroleum marketing, and petroleum logistics. Byco’s mission is to meet the nation’s energy. The Company manufactures a wide range of petroleum products with a vision to achieve sustainable productivity and profitability while upholding high environmental, health and safety standards.
Byco is Pakistan’s largest oil refiner by design capacity, and is the nation’s only firm having a dedicated Single Point Mooring (SPM). Byco’s SPM is the only floating liquid port in the country, and the company employs a round-the-clock crew dedicated for the safety and security of the buoy and vessels in and around the SPM’s anchorage area. 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. Byco is proud to have the largest capacity crude oil storage tanks in the country. Byco’s marketing network supports retail outlets in more than 80 cities all over Pakistan and is an emerging player in Pakistan’s oil marketing sector. Byco’s diverse and highly skilled workforce consists of approximately 900 dedicated employees across the firm’s divisions.
