VOL. XXXIX

No. 48

26-August-1996

IRAN

Iran And Pakistan Agree To Build 120,000 B/D Refinery Near Karachi

Following on the heels of its multi-billion dollar gas supply deal with Turkey and approval of the farm-in by Malaysia's Petronas to partner France's Total in the development of the offshore Sirri oilfield, Iran has now joined with Pakistan in signing (in Islamabad on 20 August) an agreement for the construction of a $1.2bn 120,000 b/d joint-venture refinery near Karachi, which will...