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The suspects in connivance with each other awarded an illegal contract of crude oil supply worth Rs2.43 billion to BPPL in 2008-09 against which no payment was received.
The operations of the Isomerisation unit, which converts Naphtha into Premium Motor Gasoline, commenced in the current quarter by Byco Isomerisation Pakistan (Private) Limited, which is a wholly owned subsidiary of BPPL. The successful commissioning of the Isomerisation unit will have a positive impact on Byco's refining margins.
When concerns relating to safety were raised with Rehan Sajjad, a BPPL official present at the site, he said: 'Your concerns are genuine and these will be addressed tomorrow [Tuesday] when we resume our work.
It was also established prima facie during the course of investigation that in year 2012, PSO management abused its authority by entering into another illegal agreement with Byco Pakistan Petroleum Ltd (BPPL) for sale purchase petroleum products whereby Pakistan State Oil (PSO) supplied superior quality imported products (HSD & petrol) to BPPL at abnormally subsidized rates thus causing loss to the national exchequer.
It was also established prima facie during the course of investigation that in year 2012, PSO management abused its authority by entering in to another illegal agreement with Byco Pakistan Petroleum Ltd (BPPL) for sale purchase petroleum products whereby PSO supplied superior quality imported products (HSD and Petrol) to BPPL at abnormally subsidized rates thus causing loss to the national exchequer.
BPPL would soon enter into discussions with the concerned entities.
Mr Faisal Ahmed Chowdhury, Chairman, Baraka Patenga Power Limited said: "BPPL is delighted to award this important contract to Rolls-Royce who we selected due to their track-record of delivering efficient and reliable power generation technology and services across the globe.
Byco Petroleum Pakistan Limited (BPPL) has entered the petroleum marketing sector with a renewed vision.
14 December 2010 - CRISIL rating agency on Monday suspended its ratings on the bank facilities of Bhandary Powerlines Pvt Ltd (BPPL).
Siddiqui is President of Petroleum Marketing Business in Byco Petroleum Pakistan Limited (BPPL).
KARACHI, June 18 -- Byco Petroleum Pakistan Limited (BPPL) is aiming to become one of the country's largest integrated oil companies with plans of re-branding its retail business and establish its own refinery and petrochemical complex, a top company official said recently.
The core of Robertson's theoretical vision is laid out in part B of the book, which deals with the theory of the trade cycle presented in the Study and the attempt to incorporate money in Banking Policy and the Price Level (BPPL).
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- BPP (complexity)
- BPP ultrasound