Attock Refinery

ARLThe Attock Refinery Limited (ARL), is the pioneer in crude oil refining in the country with its operations dating back to the early 1900s. Attock Refinery located at Rawalpindi, Punjab, Pakistan. Attock Refinery was on the verge of bankruptcy and collapse but was surviving on Government of Pakistan subsidy. In mid-1997, Mr Raziuddin was hired as CEO of Attock Refinery. Within 6 months he stabilized the production and finances of ARL. The Government subsidy was removed as of 31-Dec-1997. He embarked on an ambitious expansion and upgrade plan. The targeted short time line for project management was highly objectionable by the Government, BOD and professionals as not achievable. But Mr Raziuddin along with his most trusted adviser Mohammad Ahmed Jamal achieved commercial operation 35 days before the targeted date and some 7% below budget. Raziuddin took the refinery from 18,700 barrels per day (bpd) to 45,000 bpd in less than 3 years. The profitability increased tremendously. The loans were paid off earlier than schedule. The profitability multiplied due to optimization of production dynamics and maintenance and financial prudence. Through this cash generation Attock Refinery was able to buy National Refinery Ltd. when Government privatized it and also put a 165 MW IPP Power plant to feed the grid. Both these investments have brought tremendous profitability to the Attock Group.

Backed by a rich experience of more than 80 years of successful operations, ARL’s plants have been gradually upgraded/replaced with state-of-the-art hardware to remain competitive and meet new challenges and requirements. ARL is one of the most important strategic refinery of Pakistan. It processes almost 70% of the local crude oil.