KARACHI: The Oil and Gas Regulatory Authority (OGRA) has granted license to Hascol Lubricants (Private) Limited to start commercial operations of the lube oil blending plant located at Port Qasim Authority, company official said on Wednesday.
Hascol Lubricants (Private) Limited is the wholly owned subsidiary of Hascol Petroleum Limited.
The company said that the blending plant is built on a state of the art technology with a capacity of 40,000 Metric Ton per annum.
The blending plant is powered by ABB Blending System (French origin) which is considered as one of the best in the world along with the Comaco Filing Machines (Italian Origin), said a company notice sent to Pakistan Stock Exchange (PSX).
The blending plant is also equipped with a laboratory of superior technology, capable of performing test of lubricants against international standards.
“The company expects that the commencement of the commercial operations of the blending plant will have a positive financial impact on its profitability and will also improve the existing volumes of the company’s lubricants business.”