Pakistan, June 3 -- Pakistan Refinery Limited (PRL) has received formal bids from companies interested in handling the Engineering, Procurement, Construction, and Finance (EPCF) work for PRL's Refinery Expansion and Upgrade Project (REUP).
The refinery, a key player in Pakistan's energy sector, disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday.
"PRL has received Engineering, Procurement, Construction & Finance (EPCF) bids for its Refinery Expansion & Upgrade Project (REUP). PRL is in the process of evaluating these EPCF bids and will provide further updates in due course as necessary," read the notice.
PRL is a hydro-skimming refinery based in Karachi, Pakistan. Established in 1960, PRL processes import...