Pakistan State Oil Co., the nation’s biggest importer of petroleum products, plans to build a refinery for as much as $6 billion to expand into processing crude.
The nation’s biggest company by revenue is looking for partners to help build a plant to process 200,000 to 250,000 barrels a day of oil, Chief Executive Officer Sheikh Imran ul Haque said in an interview in Karachi, making this the nation’s largest refinery. He didn’t elaborate on how the company will finance the plant or give a timeline for the project as it is at an initial stage.
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