Karachi,
October 09, 2013 : Byco
Terminal Pakistan Limited and Coastal Refinery Limited, operators of the first
and only Single Point Mooring in the country, have signed an agreement with
MEKE A.S., of Turkey for coverage of Tier 3 oil spill eventuality. By doing so,
Byco Terminal Pakistan Limited and Coastal Refinery Limited have become the 1st
oil installation facilities in Pakistan to have acquired membership of an
international oil spill response organization.
Byco’s
deep sea Single Point Mooring (SPM) facility was
commissioned on December 26, 2012. The Byco Single Point Mooring has a capacity
of 100,000 deadweight tonnage (DWT) with 28-inch, 14 km pipeline that
connects it to the onshore Byco oil refining complexes.
Presently,
due to draft limitations at Karachi Port and Port Qasim, smaller parcel sizes
of petroleum products are being imported.
Speaking
at the occasion, Mr. Imran Farookhi, CEO, Byco Terminal Pakistan Limited said,
“With acquisition of the membership, the Byco deep-sea Single Point Mooring has
met all the requirements set by the Oil and Gas Regulatory Authority, as well
as international maritime safety organizations, for going into commercial
operations.”
About
Byco Terminals Pakistan Limited
Byco Terminals Pakistan is an infrastructure company
setup to facilitate the logistics of petroleum products. Byco Terminals
Pakistan (formerly Universal Terminal Limited) is a wholly owned subsidiary of
Byco Petroleum Pakistan Limited (BPPL).
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