sobia khan
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Pakistan and China have agreed to add four key projects for oil and gas cooperation on Thursday.
According to official sources, the four new key projects including finalisation of feasibility study on South North Gas Pipeline Project by Power China International Group of Companies and up-gradation of Pakistan Refinery Ltd, Karachi, Coal to Liquid Engineering Plant based on Thar Coal at Thar Sindh.
Under the China Pakistan Economic Corridor (CPEC) framework, among several projects that were discussed at the experts’ level.
Both countries appreciated the concept to add Thar Block-VI for Coal gasification to fertilizer projects under CPEC and desired to undertake a feasibility study for further evaluation.
Both the sides also appreciated the work of the Joint Experts Panels of Oil & Gas Sub working group attached to the CPEC energy sector and towards completion of the “Pakistan Oil and Gas Industry Development Plan Report”.
It will provide effective guidance for the development of the Oil and Gas Industry in Pakistan with emphasis on petrochemical industry refinery, oil and gas exploration including conducting seismic survey and pipeline projects.
Other than that, both the countries concede other projects discussed in the Experts Panel and Joint Energy Working Group meetings require further study and feasibility work before they can be formally included in the process”.
It is pertinent to mention here that, Long Term Plan (LTP for 2017-2030) under CPEC, the two sides inked in November 2017 with the approval of the two governments.
The post Pak-China agree to add 4 new key projects for oil, gas cooperation under CPEC appeared first on Onlineindus News.
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