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WHITE OIL PIPELINE

Signature(s)

Amount
€ 43,603,382.62
Countries
Sector(s)
Pakistan : € 43,603,382.62
Energy : € 43,603,382.62
Signature date(s)
4/08/2003 : € 43,603,382.62
Link to source
Data sheet
WHITE OIL PIPELINE
Other links
Summary sheet
White Oil Pipeline Project
Related press
EUR 44 mio for an oil pipeline in Pakistan

Summary sheet

Release date
1 February 2002
Status
Reference
Signed | 04/08/2003
20010251
Project name
Promoter - financial intermediary
White Oil Pipeline Project
Pak-Arab Pipeline Company Limited (PAPCO), which is a joint venture between PARCO, Shell, Pakistan State Oil and Caltex.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 45 million
EUR 546 million
Location
Sector(s)
Description
Objectives

Construction and operation of 817 km of an oil pipeline for the transportation of white oil products from Karachi to Mahmood Kot, near Multan.

Contributing towards meeting growing demand for oil products in the Central and Northern regions of the country, using an efficient and secure transport system.

Environmental aspects
Procurement

The project is expected to result in environmental benefits, as it will reduce significantly road transportation of white oil products over long distances.

PARCO was selected to operate the project through international competitive bidding.

Comments

Oil and Gas

Link to source
Summary sheet
White Oil Pipeline Project
Other links
Data sheet
WHITE OIL PIPELINE
Related press
EUR 44 mio for an oil pipeline in Pakistan

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

Link to source
Related press
EUR 44 mio for an oil pipeline in Pakistan
Other links
Data sheet
WHITE OIL PIPELINE
Summary sheet
White Oil Pipeline Project

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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