Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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PSO enters in agreement with Chinese company to setup refinery and lay pipeline

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The Prime Minister today witnessed signing of a Memorandum of Understanding between Pakistan State Oil (PSO) and Power China for construction of up-country deep conversion oil refinery and laying of crude oil pipeline.

The MoU was signed during the side meetings being held at the Boao Forum – Asian equivalent to Davos – where Mr. Shahid Khaqan Abbasi is currently attending along with other foreign dignitaries.

The project is expected to help in reducing costs of petroleum products currently being transported via road from refineries in southern parts and also ensure uninterrupted supply, according to APP.

Foreign Minister Khawaja Muhammad Asif, Pakistan's Ambassador to China Masood Khalid, Chinese Ambassador to Pakistan Yao Jing and senior officials were present on the occasion.

Posted on: 2018-04-09T13:02:00+05:00