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Pakistan offers China partnership in $9 bn PARCO coastal refinery Top Story February 8, 2021 ISLAMABAD: The government has decided to seek investment from China for becoming a shareholder in the state-of-art PARCO coastal refinery and petrochemical complex of $8-9 billion, to be built at Hub, Balochistan. In addition, Islamabad has also asked Beijing to invest in projects, including upgradation of existing refineries, setting up of underground gas storages, exploration and production activities and national seismic surveys in frontiers and hard areas, such as some pockets of Balochistan and bordering areas of Pakistan and Afghanistan. And now in the next 10th Pak-China JCC meeting, the PARCO coastal refinery project among others is the main project on part of Pakistan that will be included in the agenda. More importantly, projects like LNG storages and exploration and production projects will be also offered to China in the 10th JCC meeting. “Pakistan wants ....
Pakistan offers China partnership in $9b PARCO coastal refinery Top Story February 8, 2021 ISLAMABAD: The government has decided to seek investment from China for becoming a shareholder in the state-of-art PARCO coastal refinery and petrochemical complex of $8-9 billion, to be built at Hub, Balochistan. In addition, Islamabad has also asked Beijing to invest in projects, including upgradation of existing refineries, setting up of underground gas storages, exploration and production activities and national seismic surveys in frontiers and hard areas, such as some pockets of Balochistan and bordering areas of Pakistan and Afghanistan. And now in the next 10th Pak-China JCC meeting, the PARCO coastal refinery project among others is the main project on part of Pakistan that will be included in the agenda. More importantly, projects like LNG storages and exploration and production projects will be also offered to China in the 10th JCC meeting. “Pakistan wants t ....