KARACHI: Pakistan Refinery is in talks with international banks over a potential syndicated loan, bankers involved in the discussions said.
The loan proceeds will be used to double Pakistan Refinery’s refining capacity, they said.
The company did not immediately respond to a request for comment.
Talks are at an early stage, the bankers said, with one of them saying that that no mandate has been awarded yet.
Pakistan Refinery was incorporated as a public limited company in 1960. It has a processing capacity of 47,000 barrels per day of crude oil.