A Chinese consortium is looking forward to setting up a 10 million tonns per anum refinery in Balochistan. For this purpose, the consortium has asked a few queries from the concerned ministries and the Board of Investments BOI has sought for a response to those queries.
Capital Strategies Group (CSG), one of the most prominent trading houses in Pakistan, has also coordinated with the Chinese consortium to set up the refinery project in the country. A few details and information is required for the finalization of the project. The company has asked for this data, which includes the question on availability of Karachi and Gawadar for crude oil imports and finished produce exports, the requirement of electricity supply for the project at its location, the situation of incentives regarding tax for investors or duty free machinery import, the existence of an industrial zone with enough land for the refinery, other Industrial zones for the company to take advantage of in terms of tax incentives and the licensing requirements for the project.
BoI has requested additional information in its letter to Petroleum Division, Power Division, Federal Board of Revenue (FBR) and Ministry of Industries and Production (MoI&P).