User:Bycogroup

<!-- BELOW IS THE TEXT ABOUT YOU. YOU CAN CHANGE IT COMPLETELY OR IN PARTS AND THEN COME BACK TO IT. AFTER YOU ARE DONE, SCROLL DOWN Byco is a Pakistani enterprise engaged in the manufacturing of petroleum products. Byco and its associated entities have interests in the oil refining, petroleum marketing and chemical manufacturing in Pakistan. It was incorporated in Pakistan as a public limited company on January 09, 1995 and was granted the certificate of commencement of business on March 13, 1995. The company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Company is engaged in the business of refining crude oil into various saleable components including: •	High Speed Diesel (HSD) •	Liquefied Petroleum Gas (LPG) •	Motor Spirits (MS), •	High Octane Blending Components (HOBC) •	Kerosene (K-Oil) •	Jet Fuels •	Furnace Oil and Naphtha

Byco Group Companies: 1.	Byco Oil Pakistan Limited                (Oil Refining Business) 2.	Byco Petroleum Pakistan Limited (Petroleum Marketing Business) 3.	Universal Terminal Limited (UTL)   (Infrastructure & Logistics)

1.	Oil Refining Business:

Our Byco Petroleum Pakistan Limited's (BPPL) Oil Refining Business (ORB) was setup in line with Government of Pakistan's Petroleum Policy 1997, which offers a range of incentives to companies investing in Oil & Gas Industry.

Oil Refinery is located at District Hub, Lasbela, Balochistan. The Company started its commercial production from July 1, 2004 and ramped up the capacity to 35,000 bpd in June, 2010. After embarking in the oil refining business through the formation of Byco Petroleum Pakistan Limited (Byco), the sponsors are in process of relocation, another mothballed, Hydro-skimming petroleum refinery with a crude refining capacity of 115,000 bpd, from United Kingdom. The project is being set-up next to Byco’s existing refinery, on a in Mouza Kund estate, at District Hub, Lasbela, Balochistan.

1.1 Chemical Manufacturing Business: The business is also in the process of relocating and setting up a Petrochemical Complex, beside refinery, at a site in Mouza Kund estate. Byco is also setting up the first Petrochemicals Complex in Pakistan with an initial capacity of 17,100 bbls per day to produce petrochemical products such as Raffinate, C-9, Benzene, Mixed Xylene, Para Xylene, and Ortho Xylene to meet the country’s deficit requirements. 2.	Petroleum Marketing Business: Byco Petroleum Pakistan Limited is the only refinery in Pakistan which has acquired marketing license from the start of its operation. During the year 2007, the Company has launched its fuel marketing activities managed by the Petroleum Marketing Business (PMB). So far 178 retail outlets have been set-up, primarily focusing on retail segment and PMB is now increasing its product portfolio by adding LPG and lubricants as well. Plans are also underway to make LPG available at the Filling Stations, as well as to market LPG cylinders with the Company’s Brand through a distribution network and launch branded lubricants for the automotive and industrial sectors which will be available at the Filling Stations as well as in the commercial markets. PMB is focusing and planning to cater to the international opportunities available in the region where it can provide petroleum and lubricant products. Byco has a distinctive advantage through its refinery, to meet the product requirement in the south of the Country.

3.	Universal Terminal Limited (UTL) Universal Terminal Limited (UTL) is a wholly owned subsidiary of Byco Petroleum Pakistan Limited (BPPL) and was acquired in February 2010. UTL is an infrastructure company setup to facilitate the logistics of petroleum products. To start with, UTL has invested in Petroleum Storage Terminals totalling 140,000 metric tons (MT) at Kemari (Karachi) and Mouza Kund (Hub-Balouchistan). The company is also in the process of developing Pakistan's first Single Point Mooring and port facilities with the accompanying infrastructure, including associated pipelines and terminals. The SPM is being set up in the Arabian Sea at a distance of approximately 15 km from the Byco's Mouza Kund site located at Hub, Balouchistan. In the initial phase, the Single Point Mooring (SPM) facility will handle logistics for two refineries owned by Byco company located at Mouza Kund, Balochistan – an existing refinery with a design capacity of 35,000 barrels per day and the largest refinery of Pakistan which is being set up at the same location with Phase 1 operating capacity of 120,000 barrels per day, which is expected to be commissioned in 2011.

History & Background: The Byco Group was founded by the Late Chairman, Mr. Parvez Abbasi with the support of Byco Busient Incorporated (BBI), as the sponsoring Company. BBI is pioneering the change in the energy sector of Pakistan and initially entered the oil refining business through the formation of Bosicor Pakistan Limited (BPL), now Byco Petroleum Pakistan Limited (BPPL), a refinery with a design capacity of 30,000 barrels per day (bpd) and listed in all Stock Exchanges of Pakistan. In February 2008, Abraaj Capital Limited (ACL), a leading private equity firm of Middle East, North Africa and South Asia (MENASA), joined hands with BBI. Under the agreed arrangement, a Joint Venture of BBI and ACL in the ratio of 60% and 40% respectively, was established in Mauritius by the name of Byco Industries Incorporated (BII), which now owns 100% of Byco Oil Pakistan Limited (BOPL). ACL injected further cash equity of over USD135.0 million for their stake in BOPL through BII in addition to investment already made by BBI in these entities. ACL has provided additional funds to BII for acquiring shareholding in BPPL and a Mandatory Tender Offer (MTO) has recently been launched by Byco Industries Incorporated (BII) to acquire up to 34.81% shares of BPPL from the market, BBI already owns 55.19% of the issued share capital of BPPL. The companies Byco Petroleum Pakistan Limited (BPPL) and Byco Oil Pakistan Limited (BOPL) were incorporated with a primary objective to proactively invest to develop infrastructure and system in order to become the standard source for meeting the economies chemicals, energy, petroleum and petrochemical requirements.

Recent developments: Byco Petroleum Pakistan Limited has enhanced its present crude storage capacity from 30,825 Mtons to 118,575 Mtons with the induction of newly built crude storage tanks. The throughput capacity has now increased from 30,000 to 36,000 barrels per day. IMS and HSE achievements BPPL has achieved the HSEQ Integrated Management Certification – Quality Management System (QMS) conforming to ISO 9001, Environmental Management System conforming to ISO 14001 and Occupational Health & Safety System conforming to OHSAS 18001. BPPL has shown good safety record by successfully reaching a significant milestone of 3.0 million man-hours without LTI. The last reported injury was back in November 2005.

Near future Developments: The Company through its 100% owned subsidiary “Universal Terminal Limited” (UTL) is in process of installing the country’s first Single Point Mooring (SPM) facility along with Coastal Refinery Limited (CRL) located in deep part of the Arabian Sea at a distance of approximately 15 kilometers from the Refinery. CRL is responsible for installing the SPM and UTL is responsible for installing the Sub-sea PLEM and laying of the Sub-sea and on shore pipelines connecting the SPM Buoy to the Byco’s refinery and crude oil tank farm to enable direct discharge of imported Crude / Fuel Oil at storage tanks, through these pipelines. The company presently receives its imported Crude Oil at port Qasim stored at Fauji Oil Terminal Company Limited (FOTCO). This crude oil is transported to the Refinery by road going bowzers. The new facility will save these costs, reduce the environmental impact and will facilitate freight savings from utilizing larger sized crude oil tankers.

Organization: Byco Petroleum Pakistan Limited: Board of Directors: •	Waqar Hassan Siddique, Chairman •	Hamid Imtiaz Hanfi, Vice Chairman •	Amir Abbassciy, Director •	Matteo Stefanel, Director •	M. Raza Hasnani, Director •	Aziz Moolji, Director •	Tariq Kirmani, Director •	M. Abdullah Yusuf, Director •	Samia Roomi, Director

Byco Oil Pakistan Limited: Board of Directors: •	Waqar Hassan Siddique, Chairman •	Hamid Imtiaz Hanfi, Vice Chairman •	Amir Abbassciy, Director •	Mustafa Ahmed Talat Abdel Wadood, Director •	Matteo Stefanel, Director •	M. Raza Hasnani, Director •	Tariq Kirmani, Director •	M. Abdullah Yusuf, Director •	Samia Roomi, Director

Universal Terminal Limited (UTL):

Board of Directors: •	Waqar Hassan Siddique, Chairman •	Hamid Imtiaz Hanfi,Vice Chairman •	Amir Abbassciy, Director •	Mustafa Ahmed Talaat Abdel Wadood, Director •	Matteo Stefanel, Director •	M. Raza Hasnani, Director •	Kashif Shah, Director •	Syed Arshad Raza, Director •	Samia Roomi, Director •	Uzma Abbassciy, Director

External Links : www.byco.com.pk