Byco SPM receives second shipload of crude oil

Another page has been created in the history of Pakistan with the arrival of the largest consignment of crude oil ever to be brought into the country through a single oil tanker, being discharged through the Byco’s deep sea Single Point Mooring (SPM) facility for Byco Oil Refining Complex. Crude oil shipment of around 79,000 tons has been brought from the UAE.

This is the second ship being offloaded through the SPM that was tested on December 26, 2012 when the first crude oil tanker successfully completed the discharge of around 70,000 tons of crude oil.

With a draft of 25 meters, the Byco SPM can accommodate vessels carrying Crude/ Petroleum products of over 100,000 tons. Presently smaller shipments of petroleum products are being imported through Karachi Port and Port Qasim due to the draft limitations of both these ports.

Speaking on the occasion, Imran Farookhi, CEO Byco Terminals Pakistan, the company that owns and operates the SPM, said, “This is yet another milestone that we’ve achieved. As per our business plan, we are gradually increasing the cargo size of each incoming load and soon the SPM will be catering to vessels carrying more than 100,000 tons crude oil.”