Our History

Byco Group was founded by the Founder Chairman, Mr. Parvez Abbasi (Late) in mid-90’s with the vision to pioneer the change in the energy sector of Pakistan. With his vision, the company Byco Petroleum Pakistan Limited was formed in January 1995 as public limited company.

Byco installed its first oil refinery with a 30,000 barrels a day at Mouza Kund, Hub Balochistan and started its commercial production from July 1, 2004 with various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.

In 2008, the company decided to enter into the Petroleum Marketing Business and set up the first retail outlet, and since then the retail network has grown immensely.

After the first refinery implementation, the group decided to commence another project to implement a 120,000 barrels a day refinery under the new company Byco Oil Pakistan Limited in 2008.

The group also brought an aromatic plant to be implemented in near future.

In February 2008, realizing the immense potential that Byco companies possesses, Abraaj Capital Limited (ACL), a leading private equity firm of Middle East, North Africa and South Asia (MENASA) invested in private equity.

In Dec 2012, Byco successfully completed the project of largest refinery in the country. This new refinery is installed in the vicinity of the existing refinery and has a capacity of 120,000 barrels a day.

In 2012, Byco achieved another milestone by successfully completing Single Point Mooring project. This floating port is the first of its kind in the country and has a capacity to handle very large petroleum cargo vessels.

Historical Highlights

1995Incorporation of Byco Petroleum Pakistan Limited (BPPL)
Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January 09, 1995 and was granted a certificate of commencement of business on March 13, 1995. The shares are listed on Pakistan Stock Exchange Limited.

2001Relocation of BPPL Refinery
Commencement of construction of refinery (ORC I).

2004Commencement of commercial operations
The Company started its commercial production from July 1, 2004 refining crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.

2006SAP Implementation
SAP enterprise resource planning, one of the leading ERP software is active with strong presence in the Organization since 2006. This has enhanced system efficiencies by providing real time information to the Management for decision making.

2007First Retail Outlet
Byco commenced the sale of petroleum products with the establishment of its first retail outlet in July 2007 near Sukkur.

2008Revamp and Debottlenecking
BPPL Refinery Capacity was revamped and debottlenecking was done.

2008Joint venture with Abraaj Capital Limited
Abraaj Capital Limited (ACL), a leading private equity firm of Middle East, North Africa and South Asia (MENASA), joined hands with Byco group. Under the agreed arrangement, Abraaj acquired 40 % share in Byco group.

2008Relocation of Byco Oil Pakistan Limited (BOPL) Refinery
Commencement of construction of 120,000 bpd refinery.

2009Petroleum Marketing Business
Byco Petroleum Pakistan Limited entered into the Oil Marketing arena by formally relaunching its Petroleum Marketing Business formerly Oil Marketing Unit.

2009Completion of Storage Tanks
Byco Petroleum Pakistan Limited built the largest capacity Storage Tanks in the country.

2010Acquisition of BTPL by Byco Petroleum Pakistan Limited
Byco Petroleum acquired 100% shares of Byco Terminals Pakistan Limited - with a terminal at Kemari, Karachi.

2010Capacity Enhancement of Byco Petroleum Pakistan Limited Refinery
ORC I refining capacity was enhanced to 35,000 bpd.

2010Rebranding Byco
An unparalleled and unique brand architecture exercise was performed by international brand consultants to position Byco over and above its competition. This exercise was aimed to strengthen the corporate image and enabling to compete locally and globally.

2010Single Point Mooring and Pipeline Project
Project for Single Point Mooring and Pipeline network was initiated after a ground breaking project ceremony.

2012Long Service Awards & Safety Awards
Oct 2012, Byco held Long Service Awards and the Safety Awards ceremony.

2012Byco Commissions First Ever Single Point Mooring in Pakistan
Dec 2012, the first ever oil tanker berthed at its newly-established deep sea Single Point Mooring (SPM) facility constructed by BTPL. Oil tanker, M.T ARIETIS, carrying 70,000 tons of Upper Zakum crude oil from Abu Dhabi marked the commissioning of 3rd port in Pakistan.

2012Byco Announces Completion of Country’s Largest Oil Refinery
Dec 2012, Byco announced completion of the country largest oil refinery installation. This newly commissioned petroleum Refinery has an installed refining capacity of 120, 000 barrels per day.