According to the report, the government of Pakistan has recently decided to seek an investment for PARCO coastal refinery and petrochemical complex from China and KSA.
This PARCO coastal refinery project is a big project among others on the part of Pakistan to be included in an agenda at the 10th Pak-China JCC meeting that is coming soon.
The news announced that Pakistan has also pursued foreign Chinese investment to become a shareholder in this state-of-the-art complex that is expected to be constructed in Hub, Balochistan, for $8 to 9 billion.
However, Pakistan also demanded that China invest in other projects in the same region, including the upgrade of existing refineries and the establishment of underground gas storage facilities, as well as other development and exploration activities within the system.