VOL. XXXVII

NO. 20

14-FEBRUARY-1994

UAE

Capital Of Abu Dhabi/Pakistan Refining Venture Tripled

The board of directors of the Pak-Arab Refinery Company - a joint ventureowned 40% by the Abu Dhabi National Oil Company (ADNOC) and 60% by the PakistaniGovernment - has decided to more than triple the capital base of the companyfrom $47.46mn to $158.22. The joint venture was set up in 1974 to engage in theproduction and transportation of refined products in Pakistan. The capital baseis being increased...