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April 18, 2024

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Business KP & FATA Pakistan

Sharjah-based company keen to set up oil refinery in KP  

by SANA
PESHAWAR: A Sharjah based oil and Gas Company has expressed its willingness to establish an oil refinery in southern districts of Khyber Pakhtunkhwa.

The company has also offered initial investment of 250 million dollars on the project.
It will initially produce twenty thousand barrel oil per day which will be enhanced to forty thousand barrel per day in two phases.

The company will also establish thermal power houses in the province. These power houses will produce fifty megawatts electricity during first year after its establishment.

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