Pakistan and China may sign an MoU for cooperation on crude-to-petrochemical refinery during the visit of Prime Minister Shehbaz Sharif to Beijing next month. “During the visit of the premier, both the governments are expected to sign an MoU on the crude- to-petrochemical refinery project,” a senior official of the Energy Ministry told The News. “Pakistan State Oil, Sinopec, a Chinese company, and Saudi Aramco may agree to carry out the joint study to assess whether the crude-to-petrochemical refinery will be economical and beneficial for the said three stakeholders or not. The joint study’s results will pave the way for investment in the proposed project. Once the joint study is over, then the size and capacity of the project will be decided.” (The News)
17/5/2024