The agreement signed between Pakistan Refinery Limited and United Energy Group of China was also witnessed by Caretaker Prime Minister Anwaar-ul-Haq Kakar and Caretaker Minister for Energy Muhammad Ali in Beijing.
Beijing: Pakistan and China on Wednesday signed a Memorandum of Understanding for investment worth 1.5 billion dollars in the petroleum industry.
The agreement signed between Pakistan Refinery Limited and United Energy Group of China was also witnessed by Caretaker Prime Minister Anwaar-ul-Haq Kakar and Caretaker Minister for Energy Muhammad Ali in Beijing today.
Under the agreement, petrol and high-speed diesel obtained from Pak Refinery Ltd will not only replace expensive imported fuel but the total production capacity of the refinery will also increase from two hundred fifty thousand metric tons to one point six million metric tons.
It will also help increase the production of high-speed diesel from six hundred thousand metric tons to two million metric tons.
First-place Caps land Beauvillier from Penguins
- 11 hours ago
Sources: Rantanen to Stars if new deal reached
- 11 hours ago
Former senator’s brother shot dead in Swabi
- 2 hours ago
Rain, snowfall expected across Punjab and KP from March 9 to 16
- 3 hours ago
Champions Trophy Final: New Zealand set to bat first against India
- 3 hours ago
Women, cop arrested in honey trap blackmail scheme in Lahore
- 3 hours ago
Court declares Dua Zahra's 2022 marriage valid
- 4 hours ago
Gunmen open fire at Toronto pub, 12 injured
- 23 minutes ago
Digital prize bonds to launch in Pakistan
- 2 hours ago
Over 1,000 killed in violent clashes in Syria’s coastal region
- 35 minutes ago
Israeli tourist, local woman gang-raped in India
- an hour ago
Thousands without power as cyclone Alfred strikes Queensland
- 2 hours ago
