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Kuwaiti Company to Set up A Mega Oil Refinery in Karachi, Pakistan - ASHARQ AL-AWSAT English Archive
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ISLAMABAD, Asharq Al-Awsat – A California-based Kuwaiti Oil Company, Z-Tech, will set up a mega oil refinery in Karachi, says an official

statement.

Z-Tech Chief Coordinator Zafar Ali and Labour Secretary of Sindh Nasir Hayat signed a Memorandum of Understanding to the effect.

Sindh Chief Minister Dr. Arbab Ghulam Rahim and Z-Tech Director Shaikh Mamoud Dawod Al-Sabah were present at the signing ceremony.

The oil refinery to be set up at Port Qasim Karachi will have a capacity of refining 150,000 barrel of oil.

The Kuwaiti firm would come up with an investment to the tune of $1.2 billion.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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