WAK Group commissioned a technical feasibility study to identify the best possible facility to minimize the initial investment cost for setting up a full conversion Refinery. The technical feasibility study was conducted by Transword Engineering Services. WAK Group target is to 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. WAK Group intends to install a refining complex/full conversion refinery in Dera Ismail Khan (KPK), comprising of crude distillation unit, Naphtha Hydrotreater unit, Reformer unit, Isomerization unit and Thermal gas oil unit along with all auxiliary units and Effluent treatment plant to meet the country demand of finished petroleum products by following all applicable engineering practices, regulations and National Environmental Quality Standards.
The new refinery is intended to process crude oils imported via Karachi through extended PARCO line and Crude supply line from Gwadar to Kasghar. Falcon Oil (a project of WAK Group of companies) has already placed an EPC contract with one of the leading Chinese organization, M/S GEDI Guangzhou, to set up a refining complex to process 100,000 bbls/day imported crudes. Company has commissioned Xingjiang petroleum Engineering China and Foster Wheeler UK as technical consultants, to get their services for detailed feasibility study of the complex, for developing basic engineering design package and front end engineering design followed by detail engineering with consultation of technology licensors UOP, Axens and Albemarle.