Debt cleared: Abu Dhabi plans to revive Khalifa refinery project – The Express Tribune:
"Barely two months after the new PML-N government has taken over, the Abu Dhabi government is planning to revive the multi-billion-dollar Khalifa Coastal Oil Refinery – a joint venture with Pakistan – which was put on the back burner during the previous government’s tenure because of global recession and a row over management issues.
The board of directors of Pak Arab Refinery Limited (Parco) has decided to immediately call a special meeting on the refinery in an attempt to finalise arrangements to kick off work on the project.
The Khalifa refinery will become the largest oil refinery of the country with a refining capacity of 250,000 barrels per day based in Balochistan and costing an estimated $6 billion."
'via Blog this'
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