ISLAMABAD: As a result of the extensive discussions that took place between Mubadala Petroleum, Pakistan’s Petroleum Ministry, Pak-Arab Refinery Limited (PARCO) and OMV, UAE Ambassador to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi announced that they are going to launch one of the biggest investments of worth $5 billion in a refinery project in Hub very soon.
With the two governments still finalising the minute details of this refinery project, the investment is a step towards strengthening Pakistan-UEA relations, he further said.
Prior to this announcement, many meetings had taken place regarding this project. Headed by the chief executive officer of Mubadala Petroleum, a UAE delegation had met with the Board of Investment (BoI) Chairman and the Petroleum Minister during a visit to Pakistan a few months ago.
For news and blogs, visit Graana.com.
Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…
Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…
Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…
ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…
Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…
Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…