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HomeBusinessPARCO SHAREHOLDER'S REJECTION THREATENS $2B INVESTMENT IN PAKISTAN'S OIL REFINING SECTOR

PARCO SHAREHOLDER’S REJECTION THREATENS $2B INVESTMENT IN PAKISTAN’S OIL REFINING SECTOR

Pakistan ke oil refining sector mein $2 billion se zyada ka planned investment loss hone ka khatra hai jab Pak Arab Refinery Limited (Parco) ke ek shareholder ne asal plant upgrade plan ko support nahi diya.

Parco, Pakistan aur Abu Dhabi ke Government ke darmiyan ek joint venture hai aur naye refinery policy ke tehat, $3 billion tak ka investment karne wala tha cracking units ke liye. 

Magar Parco shareholders ne ab Euro V-standard petrol aur diesel ki production mein $500 million ka investment karna chaahta hai aur furnace oil ki production ko bhi jaari rakha hai.

Yeh refineries bhi Euro V petrol aur diesel ke production ke liye advanced plants install karenge. New refinery policy ke tehat, Pakistan ko diesel ki production mein independent hone ka imkaan hai.

Industry ko afsos hai ke policy ko final karne mein bohot waqt lag gaya, lekin ab ye implement ho rahi hai.

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