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Pakistan's only vertically integrated oil company, Byco Petroleum Pakistan Limited has set a number of records for the month of April 2018. The company has sold more gasoline, diesel, furnace oil, and liquid petroleum gas in April 2018 than ever before. Additionally Byco's SPM has handled more crude in April than ever before with 296,000 metric tonnes handled in one month. Byco's refinery similarly achieved a new milestone of processing nearly 290,000 metric tonnes, or almost 75,000 barrels per day, of crude oil in April.
April also saw Byco's liquid port set a company record for a single month by handling 295,988 tonnes of crude oil. April turned out to be Byco's strongest month to date in terms of total sales from the refinery which climbed to 317,902 tonnes.
Sales of LPG, Motor Spirit (MS), High-Speed Diesel (HSD) and Fuel Furnace Oil (FFO) increased to 6,421 tonnes, 43,191 tonnes, 135,980tonnes and 111,855 tonnes respectively in April. The numbers depict record levels of upliftment for a single month for each of the four refined products. Additionally, the daily upliftment of MS came in at 2,157 tonnes on 22 April, which was a company record for a single day.
April set a new record for total crude oil refined by Byco; the company processed 289,385 tonnes, or 74,743 barrels per day, of crude oil, more than ever before.
The record-breaking operational performance for the month of April shows that Byco's management remains committed to maintaining a relentless focus on improving the turnover and profitability of the company.-PR

Copyright Business Recorder, 2018

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