ISLAMABAD – Minister for Petroleum Omar Ayub Khan on Saturday said that theground breaking of Khalifa Point Refinery project will be performed by endof this year.
This eight billion dollar project is a joint venture of PARCO and theUnited Arab Emirates.
The refinery will have output capacity of 250,000 barrels per day, he told.
He further has said the government will announce a new oil and gasexploration and production policy in the next few months.
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In a statement, he said we will also initiate auction of forty new oil andgas blocks from December this year. This will generate good activity in Oiland Gas sector.
