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Int’l company agrees to establish oil refinery in Karak

Latest Update: September 27, 2015 | 256 Views
Oil-prices

A multinational company has agreed to establish oil refinery in Karak.

Official sources told that the company will initially invest two hundred and fifty million dollars on the project.

After completion, the oil refinery will produce LPG, petrol, jet fuel, diesel, furnace oil, kerosene oil and other petro-chemical products from two thousand barrel crude oil per day.

It is to mention here that Karak and Kohat districts have huge reserves of oil and gas.