ARL Hires Consultant for $600M Upgradation Project

Staff Report

Islamabad: Attock Refinery Ltd (ARL) on Wednesday inked an agreement with with STP Studi Technologie Progetti of Italy for Front End Engineering Design (FEED) and Project Management Consultancy (PMC) for Refinery Upgradation Project.

Mr. Carlo Gustavo Lombardi, CEO, STP and Mr. Adil Khattak, CEO, ARL have signed agreement on behalf of their respective companies.

The management of ARL has termed this agreement as an important milestone towards ARL’s goal of value addition and environment friendly production.

Govt to allow 100% Financing for refineries’ upgradation projects

ARL has already completed a task of Licensor FEED studies. These studies included addition of Continuous Catalyst Regeneration (CCR) Unit and Revamp of Diesel Hydro Desulfurization Unit by UOP/ Honeywell of USA.

These studies have been completed to execute major Upgradation Project at an estimated Project cost of upto US $ 600 million.