USTDA Pakistan and Sri Lanka Oil Refineries Modernization Business Briefing

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USTDA Pakistan and Sri Lanka Oil Refineries
Modernization Business Briefing Learn
About Oil Refinery Projects and Export
Opportunities for US Companies from Pakistani and
Sri Lankan Officials Thursday, March 6,
2008 Houston, TX
MEET THE DELEGATES At the Business Briefing,
U.S. companies will have the opportunity to meet
and network with high-ranking officials from
Pakistans Ministry of Petroleum and Natural
Resources and the presidents/CEOs of Attock
Refinery Ltd., National Refinery Ltd., Pakistan
Refinery Ltd., Pak-Arab Refinery Ltd. (PARCO),
Bosicor Pakistan Ltd., the Ceylon Petroleum
Corporation, and representatives of the U.S.
Commercial Service from Pakistan and Sri
Lanka. EXPORT OPPORTUNITIES FOR US
COMPANIES U.S. companies will learn about export
opportunities related to planned oil refinery
modernization programs in Pakistan and Sri Lanka.
The modernization programs are designed to
increase the supply of value-added products,
improve efficiency and meet new
environmentally-friendly regulations for cleaner
fuels. The Government of Pakistan has mandated
that all refineries reduce sulfur levels in their
diesel and gasoline production by the end of 2008
in order to comply with the European Union's Euro
V emission requirements and to improve
environmental standards. Estimated costs are
approximately US 1.5 billion. Pakistan
currently has five major operating refineries
with a combined refining capacity of
approximately 270,000 barrels per day (bblld).
USTDA recently sponsored two feasibility studies
in Pakistan for refinery modernizations,
including one for Attock Refinery Limited (ARL)
and one for Pakistan Refinery Limited (PRL).
PRL's board of directors recently approved an
investment of 182 million to upgrade its 50,000
bbld refinery at Korangi to produce cleaner fuel
and improve processing margins. PRL is now
preparing to issue tenders for the FEED, and the
new units are expected to be commissioned within
36 months. Sri Lanka is also steadily
increasing its oil imports, primarily to fuel
growth in electricity production and
transportation and to mitigate the risk of its
reliance on hydroelectricity. The Ceylon
Petroleum Corporation (CPC) is Sri Lanka's
national oil company and owns the 50,000 bblld
Sapugaskanda Oil Refinery, Sri Lanka's only
refinery. The CPC is exploring modernization of
its current facility and is discussing potential
construction of a new refinery next to the
Sapugaskanda Oil Refinery at an estimated cost of
500 million for each project. This would double
Sri Lanka's refining capacity and reduce its
dependence on refined oil imports. Sri Lanka is
also considering an additional, export-oriented
greenfield refinery.
BUSINESS BRIEFING HIGHLIGHTS A morning session
of PowerPoint presentations delivered by the
delegates outlining projects and procurements in
the refinery sectors of Pakistan and Sri
Lanka. Lunch and networking opportunities with
the delegates An afternoon session of one-on-one
meetings between the delegates and US
companies. What USTDA Business Briefing and
One-on-One meetings with Pakistani and Sri
Lankan Oil Sector Officials Where Tulane
University - HoustonFreeman School of
Business1700 West Loop South, Ninth
FloorHouston, TX 77027 Telephone
1.713.586.6400 When Thursday, March 6,
2008 Business Briefing Agenda 830 a.m.
Registration 900 a.m. Welcome by USTDA 915
a.m. Delegate Presentations 1215 pm Networking
Luncheon 2.00 p.m. 4.30 p.m. One-on-One
Meetings Cost 50 per person


For additional information about USTDAs Pakistan
and Sri Lanka Refineries Modernization
Orientation Visit, please contact Olympia Brescia
of Global Marketing Communications (GMC) at
1.781.641.2900 or via email at obrescia_at_gmc-ideas
.com.
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USTDA Pakistan and Sri Lanka Refineries
Modernization Business Briefing
 
Sponsored by The U.S. Trade and Development
Agency 1000 Wilson Boulevard, Suite
1600 Arlington, VA 22209-3901 Telephone
1.703.875.4357 Fax [phone] www.ustda.gov
Thursday, March 6, 2008 0830 a.m. 430
p.m. Tulane University Houston Campus Freeman
School of Business 1700 West Loop South, Ninth
Floor Houston, TX 77027 Telephone [phone]
REGISTER NOW!
U.S. Trade and Development Agency Pakistan and
Sri Lanka Refineries Modernization Business
Briefing Thursday, March 6, 2008 Houston, TX
NAME TITLE COMPANY STREET ADDRESS CITY STATE
ZIP CODE PHONE FAX E-MAIL

Registration is limited to qualified U.S.
companies only. Cost 50 per person. Please
return registration form via email to
obrescia_at_gmc-ideas.com.
For additional information please contact USTDA
contractor, Global Marketing Communications
(GMC), at 1.781.641.2900 or email Olympia
Brescia directly at obrescia_at_gmc-ideas.com.