China to build biggest oil refinery of Asia in PakistanStaff Writer | August 26, 2017
Pakistan and China have agreed to build Asia’s biggest oil refinery in north western city of Dera Ismail Khan in Pakistan.
Energy Guangdong Electrical Design Institute
Under the agreement, Asia's largest oil refinery will be established at Yarak area of Dera Ismail Khan in two and a half years at a cost of around 400 billion rupees.
The project will have capacity to refine 100,000 barrels of oil per day.
Under the China-Pakistan Economic Corridor (CPEC) many infrastructure projects are under construction throughout Pakistan. Originally valued at $46 billion, the value of CPEC projects is now worth $ 62 billion.
The project will link Pakistani Gwadar port to China's Xinjiang province.
The city of Dera Ismail Khan is major point at western route of the CPEC. ■