ISLAMABAD – Pakistan and China have to collaborate on four key projects foroil and gas under the framework of the China-Pakistan Economic Corridor(CPEC).
These projects include finalizing a feasibility report on the South-NorthGas Pipeline Project by Power China International Group of Companies andupgrading Pakistan Refinery Ltd.
The decision was made during a recent meeting. The meeting agreed to workon the following projects in the first phase:
1. Finalization of feasibility study on the South-North Gas Pipeline Project. 2. Upgradation of Pakistan Refinery Ltd, Karachi. 3. Coal to Liquid Engineering Plant in Thar. 4. Feasibility study for coal gasification.
Both sides agreed to work on the development of the “Pakistan Oil and GasIndustry Development Plan Report” with a focus on oil and gas explorationand petrochemical refinery.
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The two countries also consented to form a development plan for the timelydevelopment of projects under CPEC.
It was decided that the interested parties will be asked to conductfeasibilities and present it before the next Energy Planning Expert Panelfor review.
Experts from the two countries agreed that the projects that have theExperts Panel’s and Joint Energy Working Group’s nod will undergo afeasibility study before being formally implemented.
