- Title: EAST PAKISTAN: NEW OIL REFINERY NEARS COMPLETION AT CHITTAGONG
- Date: 24th September 1967
- Summary: OIL REFINERY: TECHNICIANS WORKING ON PLANT: WELDERS WORKING: STORAGE TANKS: FURNACE CHIMNEY STACKS. Initials PW/V/CR/LMC Script is copyright Reuters Limited. All rights reserved
- Embargoed: 9th October 1967 13:00
- Keywords:
- Location: CHITTAGONG: EAST PAKISTAN
- Country: Pakistan
- Reuters ID: LVADD6CTVRIS43WW2WQS461DG8H1
- Story Text: A GIANT NEW OIL REFINERY DESIGNED TO HANDLE CRUDE OIL FOUND IN RECENT YEARS IN EAST PAKISTAN, IS NEARING COMPLETION. THE PLANT STANDS OUTSIDE CHITTAGONG AND PAKISTAN, OIL EXPERTS EXPECT THE REFINERY TO BE OPERATIONAL EARLY NEXT YEAR.
THE REFINERY HAS BEEN BUILT BY A FRENCH COMPANY WITH THE HELP OF A FRENCH LOAN TO THE PAKISTAN GOVERNMENT. WHEN FULLY OPERATIONAL, THE CHITTAGONG PLANT WILL HAVE A CAPACITY FOR PROCESSING 1,500,000 TONS OF OIL A YEAR.
COLD TESTS HAVE ALREADY BEEN CARRIED OUT AT THE REFINERY. AT FULL PRODUCTION, IT WILL PRODUCE PETROL, PARAFFIN OIL AND DIESEL FUEL. THE PURPOSE OF THE REFINERY IS TO SAVE PAKISTAN MUCH-NEEDED FOREIGN EXCHANGE.
PAKISTAN'S OIL INDUSTRY HAS BEEN GROWING EVER SINCE INDEPENDENCE AND SUCCESSIVE OIL STRIKES BY DRILLING IN BOTH WEST AND EAST PAKISTAN HAVE PUT THE COUNTRY ON THE MAP AS AN OIL-PRODUCER.
LAST YEAR, A REFINERY SIMILAR TO THE ONE AT CHITTAGONG WENT INTO PRODUCTION, PROCESSING NOT ONLY PAKISTAN OIL, BUT IMPORTED OIL FROM THE MIDDLE EAST. WITH THE CHITTAGONG PLANT, PAKISTAN WILL BE PRODUCING A LARGE PERCENTAGE OF ITS DOMESTIC DEMAND FOR FUEL OILS, THEREBY SAVING LARGE SUMS IN FOREIGN EXCHANGE.
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