Bosicor to invest in Pakistan's oil industry

Bosicor Pakistan is to invest $ 500 mm in the oil industry over the next two years as part of its expansion plans to be the leading market player in Pakistan.
Chairman Amir Abassciy said investment projects of refinery units, oil storage and petrochemical plants were to be completed within the next couple of years.

Company executives said the group would invest in its oil-refining unit along with the principal units that would be completed by June 2010. The 43 % under-construction project would increase the generation capacity up to 115,000 bpd.
It aims to produce 5.5 mm tons of various petroleum products from the new plant that not only help Pakistan's demand but will also export internationally standard products to the world.

The group will build up the crude oil storage tank with the capacity of 144,000 tons by the next year.
Bosicor will invest millions of dollars on the construction of an aromatic complex that will generate 17,100 bpd.