Sunday, May 19, 2024

Pakistan Seeks Investment for PARCO Coastal Refinery in Balochistan from China and Saudi Arabia

According to the report, the government of Pakistan has recently decided to seek an investment for PARCO coastal refinery and petrochemical complex from China and KSA.

In 10th Pak-China JCC meeting that is soon coming, this PARCO coastal refinery project is a main project among others on part of the Pakistan as to be added in an agenda.

The news reported that Pakistan has also sought the investment from foreign country China in order to become a shareholder in this state-of-art complex that is to be built in Hub, Balochistan, expectedly of $8 to 9 billion.

However, Pakistan has also requested China to invest in the other projects that are in the same sector as including the up-gradation of the existing refineries and also setting up underground gas storages along with the other production and exploration activities in the system.

Mehjabeen Qasim
Mehjabeen Qasimhttps://startuppakistan.com.pk/
Business Journalist at Startup Pakistan

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