• Home
  • Contact
  • About us
BEST OFFER JOBS
  • Home
  • About us
  • Employers
    • Seeking Talents
    • Inquiry
  • Job Seekers
    • Submit resume/CV
    • Apply for a Job
    • Other Inquiry
  • Recruiters
    • Join us
    • Other Inquiry
      • How to Start
      • How to learn
      • How to Earn
        • Extra Earning
        • Commission
        • Partnering
        • Referral
  • Privacy
  • Featured
  • Contact

  • Home
  • About
  • Employers
  • Job Seekers
  • Recruiters
  • Privacy
  • Featured
  • Contact
Latest Jobs
View All

ARL, Hyundai Engineering sign agreement for $251 Million US Dollars refinery Upgrade

Signs contracts with Hyundai Engineering to upgrade facility, enhance capacity.

ISLAMABAD: On Thursday, Attock Refinery (ARL) signed contracts with Hyundai Engineering Company for execution of the ARL up-gradation project, according to notice sent by the company to the Karachi Stock Exchange.

The up-gradation project comprises installation of a preflash unit, Isomerisation unit, Diesel Hydrodesulphurisation unit and expanding the capacity of existing captive power plant.

The overall cost of the project amounts to $251 million, which will be financed with a debt-to-equity ratio of 80:20. Thus, ARL is in the process of finalizing a financial plan with a consortium of banks.

After the installation of the preflash unit, ARL's refining capacity will increase by 10,400 barrels per day or 25%. Once the Naphtha Isomerisation unit is completed, ARL will be able to enhance production of premier motor gasoline by 20,000 tons per month.

The Diesel Hydrodesulphurisation unit will make Attock Refinery capable of producing low-sulphur content high speed diesel, which burns cleanly and efficiently.

Moreover, Hyundai Engineering has also been given the contract to expand ARL's captive power plant by 18 megawatts (MW).

The agreement was signed at a ceremony at ARL, Morgah, Rawalpindi, where ARL CEO Adil Khattak and Hyundai Engineering Company Project Director Won Ock Kim were present.

Speaking on the occasion, Khattak said that the project will prove to be of immense value not only for ARL, but also for the country.

He appreciated the efforts of both ARL and Hyundai's project management teams for their hard work in concluding these agreements and hoped that refinery up-gradation project shall be completed within the agreed time frame.

ARL's CEO also thanked the Ministry of Petroleum and Natural Resources for enabling the local refineries to undertake up-gradation and expansion projects in the country.

Published in The Express Tribune, April 12th, 2013.

The Express Tribune 

Email ThisBlogThis!Share to TwitterShare to Facebook
Share This Post :
Tags :
Makisig Bayani

Search jobs

Popular Jobs

  • Hyundai Heavy Industries wins $3.2 Billion USD Power Plant in Jeddah
    Saudi Electricity Company has awarded contracts for South Korea's Hyundai and Japan's Mitsubishi to build and supply equipment ...
  • Hyundai Engineering with HDEC signed $3 Billion USD - Venezuela refinery project
    Wison Engineering Ltd together with Hyundai Engineering & Construction Co Ltd has won a $2.993 billion contract to upgrade a state-run...
  • Hyundai Motor workers disciplined for online Activities at work
    An internal audit by Hyundai Motor Co. revealed that 97 workers have accessed Internet gambling sites at work, leading the company to disc...
  • Hyundai Engineering's Oman Musandam Gas Plant Project Site Achieves "Goal of Zero Accidents"
    As of May 20, 2013, Hyundai Engineering's Oman Musandam Gas Plant Project (Site Manager Kim Yong-mook) recorded 5 million hours of...
  • Meralco’s $1.2 Billion USD Subic Power Facility picked 3 Hyundai’s - Korea lead bidder
    The power generation subsidiary of Manila Electric Company (Meralco) has entered negotiation phase with South Korea's Hyundai Grou...

BEST OFFER JOBS

We are group and network of Executive Search Professionals and headhunters from all over the world serving all line of business for your manpower needs.

We are serving the following regions:

East Asia
Southeast Asia
Middle East
North Africa
Central Africa
South Africa
Latin America

For inquiries contact us for details.

Email: careers@bestofferjobs. com

Employers, Jobseekers & Partners


For employers: avail our affordable head hunting, and executive search services through our recruiting experts around the globe. Send us your inquiry through email address: careers@ bestofferjobs. com

For Job seekers: drop your resume through our email and we will match you with the current vacancies available in our database close to your geographic location.

For the recruiters and head hunters: you may join us and help others find a right job.

Check here for more info.

 

Contact us




Applicants may send their resume/CV through email address: careers @bestofferjobs.com with subject containing their desired position.


Copyright © 2020 - Best Offer Jobs In Partnership and powered by: SOMOSOTECH I.T. CO., LTD