FALCON OIL will process the imported crude (90%) with 10% local crude that is being produced from different oil wells in KPK (District, Karak) to produce petroleum products principally for sale by meeting the required EURO-II specifications.
FALCON OIL refining complex will produce the following finished products:
- Gasoline Euro II
- Diesel Euro II
- SR Fuel oil
- Vacuum Residue
- Asphalt (Performance grade)
- Petroleum coke
Presently, 6 refineries operate in Pakistan producing approximately 13 million tons per annum of petroleum products. Domestic consumption currently is 22 million tons per annum which indicates a clear deficit in the supply of petroleum products. These products are imported in totality from the international markets.
The strategic objective of setting up refinery at Dera Ismail Khan is to reduce the amount of refined product imports in line with the Pakistan Governments objectives and to assist the country supply chain management program of petroleum products through new extended networks to meet the upcoming future demand in lieu of CPEC development.