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Karachi,October 09, 2013 : Byco Terminal Pakistan Limited and Coastal Refinery Limited, operators of the first and only Single Point Mooring in the country, have signed an agreement with MEKE A.S., of Turkey for coverage of Tier 3 oil spill eventuality. By doing so, Byco Terminal Pakistan Limited and Coastal Refinery Limited have become the 1st oil installation facilities in Pakistan to have acquired membership of an international oil spill response organization.
Byco’s deep sea Single Point Mooring (SPM) facility was commissioned on December 26, 2012. The Byco Single Point Mooring has a capacity of 100,000 deadweight tonnage (DWT) with 28-inch, 14 km pipeline that connects it to the onshore Byco oil refining complexes.
Presently, due to draft limitations at Karachi Port and Port Qasim, smaller parcel sizes of petroleum products are being imported.
Speaking at the occasion, Mr. Imran Farookhi, CEO, Byco Terminal Pakistan Limited said, “With acquisition of the membership, the Byco deep-sea Single Point Mooring has met all the requirements set by the Oil and Gas Regulatory Authority, as well as international maritime safety organizations, for going into commercial operations.”