Karachi: Byco Terminals Pakistan Limited (BTPL) has achieved mechanical completion of country’s first Single Point Mooring (SPM) Buoy facility for offloading imported Crude oil and petroleum products.
The facility will allow the handling of imported crude oil and other petroleum products through the SPM – an open sea anchorage with sub-sea and sub soil pipelines connecting it to the on-shore facilities.
The SPM has been set up in the North Arabian Sea at a distance of approximately 14 km from the Byco’s Mouzakund Site located at Hub, Balouchistan. The facility is strategically located to feed the two Byco Refineries at Hub apart from acting as an alternate strategic port in case such a requirement arises. The design of the SPM caters for an additional pipeline for import/export of petroleum products.
The SPM facility with a draft of more than 25 meters will allow mooring of Larger Crude and Product Carriers, which will not only result into lower administrative costs but will also bring in substantial savings on account of difference in freight charges, thus giving the SPM facility a strategic advantage and savings to the national exchequer.
Presently the petroleum products are being imported through Karachi and Bin Qasim Ports and as both these ports have a draft limitation, these Ports cannot accommodate larger ships then the ones which call at these Ports currently.
The company initiated development of country’s first Single Point Mooring (SPM) Buoy facility for offloading Crude oil and petroleum products in January this year with the help of a world renowned port facility development company, China Harbour Engineering Company Ltd (CHEC).
Byco Terminals Pakistan Limited (BTPL) formerly Universal Terminal Limited (UTL), a wholly owned subsidiary of Byco Petroleum Pakistan Limited was setup as an infrastructure company with a vision to facilitate the logistics of petroleum products in the country.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription