UAE to invest $5 billion in Pakistan oil refinery

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ISLAMABAD: The United Arab Emirates plans to invest five billion dollars in an oil refinery project in Pakistan by the end of this year.

According to Arab News, UAE Ambassador to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi said that they are going to launch very soon one of the biggest investments in a refinery project in Hub, Balochistan.

The state-of-the-art refinery would have an output of 250,000-300,000 barrels per day.

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