Byco Group was based by the Founder Chairman, Mr. Parvez Abbasi (Late) in mid-90 with the vision to pioneer the change in the power sector of Pakistan. With his vision, the corporate Byco Petroleum Pakistan Restricted was formed in January 1995 as public restricted company.
Byco installed its first oil refinery with a 30,000 barrels a day at Mouza Kund, Hub Balochistan and began its business production from July 1, 2004 with varied saleable components including Liquefied Petroleum Gasoline, Mild Naphtha, Heavy Naphtha, High Octane Mixing Element, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.
In 2008, the corporate determined to enter into the Petroleum Advertising and marketing Business and arrange the primary retail outlet, and since then the retail community has grown immensely.
After the primary refinery implementation, the group determined to start one other project to implement a one hundred twenty,000 barrels a day refinery below the new firm Byco Oil Pakistan Restricted in 2008.
The group additionally introduced an aromatic plant to be applied in close to future.
In February 2008, realizing the immense potential that Byco firms possesses, Abraaj Capital Limited (ACL), a leading personal equity firm of Center East, North Africa and South Asia (MENASA) invested in personal fairness.
In Dec 2012, Byco efficiently accomplished the venture of largest refinery within the nation. This new refinery is installed in the neighborhood of the prevailing refinery and has a capability of one hundred twenty,000 barrels a day.
In 2012, Byco achieved one other milestone by efficiently completing Single Level Mooring project. This floating port is the primary of its form within the country and has a capacity to handle very large petroleum cargo vessels.
Historical Highlights
1995Incorporation of Byco Petroleum Pakistan Limited (BPPL)
Byco Petroleum Pakistan Limited was included in Pakistan as a public restricted company on January 09, 1995 and was granted a certificate of commencement of business on March 13, 1995. The shares are listed on Pakistan Stock Change Limited.
2001Relocation of BPPL Refinery
Graduation of building of refinery (ORC I).
2004Commencement of economic operations
The company started its commercial manufacturing from July 1, 2004 refining crude oil into various saleable parts together with Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, Excessive Pace Diesel and Furnace Oil.
2006SAP Implementation
SAP enterprise useful resource planning, one of many main ERP software program is lively with strong presence in the Group since 2006. This has enhanced system efficiencies by providing actual time information to the Management for decision making.
2007First Retail Outlet
Byco commenced the sale of petroleum products with the institution of its first retail outlet in July 2007 near Sukkur.
2008Revamp and Debottlenecking
BPPL Refinery Capacity was revamped and debottlenecking was done.
2008Joint enterprise with Abraaj Capital Limited
Abraaj Capital Restricted (ACL), a number one private fairness firm of Center East, North Africa and South Asia (MENASA), joined palms with Byco group. Underneath the agreed arrangement, Abraaj acquired 40 % share in Byco group.
2008Relocation of Byco Oil Pakistan Limited (BOPL) Refinery
Commencement of building of one hundred twenty,000 bpd refinery.
2009Petroleum Marketing Business
Byco Petroleum Pakistan Limited entered into the Oil Advertising and marketing area by formally relaunching its Petroleum Advertising Business previously Oil Advertising Unit.
2009Completion of Storage Tanks
Byco Petroleum Pakistan Restricted built the largest capability Storage Tanks within the country.
2010Acquisition of BTPL by Byco Petroleum Pakistan Restricted
Byco Petroleum acquired 100% shares of Byco Terminals Pakistan Restricted – with a terminal at Kemari, Karachi.
2010Capacity Enhancement of Byco Petroleum Pakistan Limited Refinery
ORC I refining capacity was enhanced to 35,000 bpd.
2010Rebranding Byco
An unparalleled and distinctive brand structure exercise was performed by worldwide brand consultants to place Byco over and above its competition. This train was aimed to strengthen the company picture and enabling to compete locally and globally.
2010Single Point Mooring and Pipeline Undertaking
Challenge for Single Point Mooring and Pipeline network was initiated after a ground breaking undertaking ceremony.
2012Long Service Awards & Safety Awards
Oct 2012, Byco held Lengthy Service Awards and the Safety Awards ceremony.
2012Byco Commissions First Ever Single Point Mooring in Pakistan
Dec 2012, the first ever oil tanker berthed at its newly-established deep sea Single Level Mooring (SPM) facility constructed by BTPL. Oil tanker, M.T ARIETIS, carrying 70,000 tons of Upper Zakum crude oil from Abu Dhabi marked the commissioning of 3rd port in Pakistan.
2012Byco Announces Completion of Country Largest Oil Refinery
Dec 2012, Byco announced completion of the nation largest oil refinery installation. This newly commissioned petroleum Refinery has an put in refining capacity of a hundred and twenty, 000 barrels per day.
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