Investors group to set up refinery in Balochistan

Feb 05, 2012 12:00 AM

An investors group will establish an oil refinery at a cost of $ 600 mm in Balochistan’s coastal Gaddani area, the chief executive of Biko Oil and Petroleum Group (Pakistan) said in a meeting with Chief Minister Nawab Aslam Raisani.
“Our group will also invest Rs 5.5 bn in another project in connection with movement of cooking oil through Balochistan,” Amir Abbasi said.

He emphasised the need to build road infrastructure in Lasbella district so that the province attracted more investment. Mr Abbasi said his group would provide import and export facility of cooking oil at Gaddani under a ‘single point’ mooring project.
Meanwhile, a delegation of Microsoft Corporation called on the chief minister. Tabish Ahmed and Irfan Siddiqui said Microsoft was ready to impart information technology training at educational institutions and government departments in Balochistan.

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