Pak-Arab Refinery

Pak Arab Refinery Company Ltd.
Company typeUnlisted public company
IndustryRefinery
Founded1974 Edit this on Wikidata
HeadquartersKarachi-75190, Pakistan
Key people
Irteza Ali Qureshi (managing director)
ProductsOil, high speed diesel, kerosene oil, and petroleum distillates
RevenueIncrease Rs. 956.040 billion (US$3.3 billion) (2023)
Decrease Rs. 114.336 billion (US$400 million) (2023)
Decrease Rs. 66.596 billion (US$230 million) (2023)
Total assetsIncrease Rs. 381.433 billion (US$1.3 billion) (2023)
Total equityIncrease Rs. 173.283 billion (US$600 million) (2023)
OwnerGovernment of Pakistan (60%)
Mubadala Investment Company(40%)
SubsidiariesTotal Parco
PARCO Coastal Refinery
Websiteparco.com.pk
Footnotes / references
Financials as of 30 June 2023[1]

Pak-Arab Refinery Company Limited (PARCO) (Urdu: پاک عرب ریفائنری) is a Pakistani joint venture oil and gas company active in refining, transporting and marketing petroleum products.[2] It is a joint-venture between governments of Pakistan and Abu Dhabi.[3][4][5]

  1. ^ "Pak-Arab Refinery Annual Report 2023" (PDF). Retrieved 1 August 2024.
  2. ^ Prime Minister (PM) approves new Board of Directors Business Recorder (newspaper), Published 28 April 2020, Retrieved 14 September 2020
  3. ^ Sohail Iqbal Bhatti (1 July 2016). "PARCO to build Pakistan's 'biggest oil refinery' in Hub". Dawn (newspaper). Retrieved 15 September 2020.
  4. ^ Parvez Jabri (6 September 2011). "Prime Minister urges PARCO to invest in energy sector". Business Recorder (newspaper). Retrieved 14 September 2020.
  5. ^ Himendra Mohan Kumar (24 July 2008). "UAE - Pakistan trade touches $7 billion". Gulf News website. Retrieved 15 September 2020.