<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Byco Petroleum Pakistan Ltd (BYCO) is in the planning phase
of setting up a Fluid Catalytic Cracking (FCC) plant which would allow for a
higher proportion of Motor Spirit (MS) in a refined barrel.</span><br /><br /><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">It is the only company with the ability to convert 100% of its Naphtha using
its hydrocracking unit.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Oil Companies Advisory Council (OCAC) has been in talks with
the government regarding the challenges faced by the industry including (1) the
future of Furnace Oil (FO), (2) the general pricing mechanism of petroleum
products, and (3) the threat of exchange losses.</span></li></ul>
