VOL. XLIV

No. 09

26-February-2001

UAE/PAKISTAN

Parcos $886Mn 100,000 B/D Oil Refinery Project Inaugurated

The military ruler of Pakistan, Gen Pervez Musharraf, on 19 February inaugurated a 100,000 b/d oil refinery, built at Mahmoodkot near Multan at a cost of $886mn by Pak-Arab Refinery Ltd (Parco), a joint venture between the governments of Pakistan and Abu Dhabi. The UAEs Oil Minister 'Ubaid bin Saif al-Nasiri attended the inauguration ceremony. Pakistans share of the project is 60%, while Abu...