{"id":80901,"date":"2021-10-28T15:52:00","date_gmt":"2021-10-28T10:52:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80901"},"modified":"2021-10-29T17:18:36","modified_gmt":"2021-10-29T12:18:36","slug":"chinese-usd-15-billion-refinery-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/chinese-usd-15-billion-refinery-pakistan.html","title":{"rendered":"China to build USD 15 bn refinery complex in Pakistan"},"content":{"rendered":"\n<p>Islamabad: Board of Investment (BOI) Secretary Fareena Mazhar on Monday (October 15) said that China\u2019s state-owned Oil company will invest USD 15 billion in the construction of an oil refinery complex in Pakistan, news sources reported. The project will be a joint venture of China Petroleum Pipeline Engineering Company LTD (CCP) and China Zhen Hua Import and Export Corporation.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/uk-china-to-build-pakistans-first-green-hydrogen-plant.html\" target=\"_blank\" rel=\"noreferrer noopener\">UK, Chinese firms to build Pak\u2019s first green fuel plant in Sindh<\/a><\/p>\n\n\n\n<p>Reportedly, the refinery will be built in a different location than the designated Special Economic Zones (SEZs) under the <a href=\"https:\/\/www.zameen.com\/news\/chinese-invest-usd-15-bn-petrochemical-sector.html\" data-type=\"post\" data-id=\"79833\" target=\"_blank\" rel=\"noreferrer noopener\">China Pakistan Economic Corridor (CPEC).<\/a> However, the refinery project will get the same benefits and tax breaks as well as special incentives given to the industries in the nine SEZs.&nbsp; The project, according to the specifics, would be completed in four years and is a special project approved by the Chinese government to increase Foreign Direct Investment (FDI) in Pakistan. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pm-sezs-encourage-chinese-investors.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM orders speedy work in SEZ to encourage Chinese investors<\/a><\/p>\n\n\n\n<p>After the <a href=\"https:\/\/www.zameen.com\/news\/masterplan-gwadar-oil-city-to-be-ready-by-year-end.html\" data-type=\"post\" data-id=\"74382\" target=\"_blank\" rel=\"noreferrer noopener\">Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE)<\/a>, China will be the third country to establish a refinery complex in Pakistan. It is expected that the country&#8217;s strategic fuel reserves would expand as a result of the development of these projects.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Board of Investment (BOI) Secretary Fareena Mazhar on Monday (October 15) said that China\u2019s state-owned Oil company will invest USD 15 billion in the construction of an oil refinery complex in Pakistan, news sources reported. The project will be a joint venture of China Petroleum Pipeline Engineering Company LTD (CCP) and China Zhen Hua Import and Export Corporation.&nbsp; Read: UK, Chinese firms to build Pak\u2019s first green fuel plant in Sindh Reportedly, the refinery will be built in a different location than the designated Special Economic Zones (SEZs) under the China Pakistan Economic Corridor (CPEC). However, the refinery project will get the same benefits and tax breaks as well as special incentives given to the industries in the nine SEZs.&nbsp; The project, according to the specifics, would be completed in four years and is a special project approved by the Chinese government to increase Foreign Direct Investment (FDI) in Pakistan. Read: PM orders speedy work in SEZ to encourage Chinese investors After the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE), China will be the third country to establish a refinery complex in Pakistan. It is expected that the country&#8217;s strategic fuel reserves would expand as&hellip;<\/p>\n","protected":false},"author":84,"featured_media":78629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[49136,49135,48300,4578],"persona":[],"class_list":{"0":"post-80901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-chinese-firm-investment","9":"tag-chinese-firm-to-build-usd-15-billion-refinery-complex-in-pakistan","10":"tag-chinese-firms-to-invest-usd-15-bn-in-pakistans-petrochemical-sector","11":"tag-fdi","12":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese firm to build USD 15 billion refinery in Pakistan- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Board of Investment (BOI) Secretary Fareena Mazhar on Monday (October 15) said that China\u2019s state-owned Oil company will invest USD 15 billion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/chinese-usd-15-billion-refinery-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese firm to build USD 15 billion refinery in Pakistan- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Board of Investment (BOI) Secretary Fareena Mazhar on Monday (October 15) said that China\u2019s state-owned Oil company will invest USD 15 billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/chinese-usd-15-billion-refinery-pakistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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