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    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

    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

    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
    Other links

    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.

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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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