Release date: 1 February 2002
Promoter – Financial Intermediary
Pak-Arab Pipeline Company Limited (PAPCO), which is a joint venture between PARCO, Shell, Pakistan State Oil and Caltex.Location
Description
Construction and operation of 817 km of an oil pipeline for the transportation of white oil products from Karachi to Mahmood Kot, near Multan.
Objectives
Contributing towards meeting growing demand for oil products in the Central and Northern regions of the country, using an efficient and secure transport system.
Comments
Oil and Gas
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 45 million
Total cost (Approximate amount)
EUR 546 million
Environmental aspects
The project is expected to result in environmental benefits, as it will reduce significantly road transportation of white oil products over long distances.
Procurement
PARCO was selected to operate the project through international competitive bidding.
Status
Signed - 4/08/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).