But as china does, they will make sure that none of the amount goes to Pakistan. they will give sub contract to chinese company only. They will buy materials from chinese companies only. They will employ chinese engineers and bring labours from china. Even they will bring their food from china. Pakistani Economy will not at all be benefited from this project until it completes.
Pakistan should incorporate some conditions in contract like employing at least 50 % Pakistani Pakistani engineers and labors, purchase materials like steel and cement from Pakistan only etc to get benefit of redistribution of Income.
Do you think India has the money,the technology,the engineering capacity、the technical personel and management skill to carry out such a project for Pakistan?
When will India build its own LNG vessels even with huge amount of foreign inputs?
Talk is cheap. Do more, talk less.
China-Venezuela oil refinery builds petrochemical zone
By Qiu Quanlin (chinadaily.com.cn) Updated: 2014-07-23 13:40
China National Petrol
eum Corp's booth at a trade show in Tianjin in September, 2013. [Photo / China Daily]
A joint oil refinery project, between China and Venezuela, in the coastal county of Huilai, Guangdong province, is scheduled to come into operation by 2018, sources with the local government said.
The refinery project, a joint investment by China National Petrol
eum Corp and the Petroleos de Venezuela SA, has an annual processing capacity of 20 million metric tons, or 400,000 barrels a day, making it one of the country's biggest integrated refining complexes.
"The project will help build a world-class refinery industrial chain in Jieyang and secure fresh long-term crude supply for processing into much-needed fuels to power the local economy," said Chen Lvping, Party chief of Jieyang city, eastern Guangdong.
Construction started on the project in 2012 with initial investment of up to 58.6 billion yuan ($9.45 billion).
The China-Venezuelan project has seen a number of power, refining, chemical and LNG projects developed in a pet
rochemical industrial zone in Huilai of Jieyang, said Chen.
China-Venezuela oil refinery builds petrochemical zone - Business - Chinadaily.com.cn