Govt to Set Up Oil Refinery Worth Around $14 Billion: Minister Prime Minister Shehbaz Sharif has approved setting up an oil refinery in Pakistan that will cost up to $14 billion, Minister of State for Petroleum Musadik Malik announced on Friday.
Addressing a press conference after the meeting of the Cabinet Committee on Energy (CCoE), the minister said that the new refinery would cost between $10 billion to $14 billion and the investment package and policy in this regard has been approved.
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