This new state-of-the-art oil refining complex will have its independent 100-MW power generation plant and 200 million metric tons storage facility.
The timing and the location of this joint venture is very crucial when viewed in the context of CPEC (China Pakistan Economic Corridor), an epoch-making project that is going to be a game changer for the region.
With a capacity of over 100 thousand BPD, Falcon Oil will be a backbone not only of PetroWell’s marketing of POL products, but of the national economy, fuelling growth and prosperity across the length and breadth of Pakistan
The foundation of the group was laid in the LPG segment through the creation of WAK GAS which was incorporated on 10 February, 1984 as a private limited company under the Company’s Ordinance 1984.
WAK GAS acquired its LPG Marketing license on 18 May, 1989 under the liquefied Petroleum (production and distribution) Rules of 1971 from the Ministry of Petroleum and Natural Resources, Government of Pakistan.