NO. 26



Abu Dhabi and Pakistan Study Joint Venture Refinery

According to Mr. Yusuf al-Nuwais, a board member of the Pak Arab RefineryCompany (Parco) a joint venture owned 40% by the Abu Dhabi National Oil Company(ADNOC) and 60% by the Pakistani Government - Parco is in the process ofstudying a new joint venture project to set up a refinery in Pakistan. Mr.Nuwais, who is also Director of ADNOC's Finance Department, said that thedetails of the project, including cost and...