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PARCO

PARCO

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Published by muhammadtaimoorkhan

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Published by: muhammadtaimoorkhan on Jun 30, 2009
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04/16/2013

 
PARCO Internship Report
INTRODUCTION
1
 
PARCO Internship ReportPetroleum energy plays a pivotal role in the socio economic development of acountry, especially for a developing country like Pakistan, where demand for  petroleum products is fast increasing.Incorporated in May 1974, Pak Arab Refinery Ltd. (PARCO) has now been inexistence for 27 years as a joint venture between the government of Pakistan(GOP) and Abu Dhabi. Its authorized capital is Rs. 5 billion and paid up capitalis Rs. 2160 million of which 60% is held by the GOP and 40% by Abu Dhabi petroleum investments of Abu Dhabi.This long awaited project has been setup despite facing numerous obstacles andhurdles during the 1998-99 period and despite international sanctions.PARCO is presently engaged in the transportation of petroleum product on behalf of oil marketing companies OMC’s from Karachi to Mahmood Kot near Multan and to Faisalabad and Machike near Lahore through its 1,230 kms.Pipeline. Parco’s pipeline system includes a network of highly sophisticatedtelecommunication facilities and a comprehensive supervisory control and dataacquisition system.Originally, Parco’s pipeline network was functioning up to Mahmood Kot near Multan, a distance of 864 kms. And operating on the basis of two pumpingstations at Karachi and Shikarpur with an annual pumping capacity of 2.9million tons. Two additional intermediary pumping stations commissioned in1994 at Bubak (Sindh) and at Fazilpur (Punjab) increased the pumping capacity2
 
PARCO Internship Reportto 4.5 million tons per annum. Later, with further technological upgrading of the system the pumping capacity was increased to 6 million tons. Thisadditional capacity is a major step towards meeting the increasing requirementsof petroleum products in the central and northern areas of the country, whichaccount for over 60% of the country’s demand of petroleum products. Thisincreased capacity will also come in extremely handy for transporting 4.5million tons of crude and 1.5 million tons per year of products through theexisting pipelines. This timely initiative by PARCO will relieve a lot of  pressure on road movement.In June 1997, PARCO completed its 364 Kms. MFM pipeline extension projectand extended its operations to Faisalabad and Machike. The project designallows for further expansion of the pipeline from Faisalabad at Kharian besidesSahiwal and from Mahmood Kot to Peshawar.PARCO’s pipeline system consists of 7 pumping stations namely:PS-1 KorangiPS-2 Bubak PS-3 Shikarpur PS-4 Fazilpur PS-5 Mahmood KotPS-6 Kot Bahadur ShahPS-7 Faisalabad Not operational as yet)3

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