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oil refineries

ECC approves incentive package for new oil refineries

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) Friday approved a landmark incentive package for setting up modern new Deep Conversion Oil Refinery Projects, anywhere in the country, including expansion of existing refineries of minimum 100,000 barrels per day capacity. The decision aimed at attracting investment in the country, came at the meeting of the ECC chaired by Prime Minister Shahid Khaqan Abbasi here at the Prime Minister Office. The package would also be applicable to PARCO Coastal…

More oil refineries to be set up to meet growing energy demand: PM

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday said that steps had been taken for establishment of oil refineries and transmission of oil through pipeline instead of trucks to meet growing energy demand. "The government has delivered by mitigating energy crisis in the country," he said after inaugurating Pakistan Oil and Gas Conference in Islamabad. Referring to the LNG import by the present government, the prime minister said it was because of this significant initiative that today power plants were…