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Articles for tag: approach, asks, billion, Chinas, green, Islamabad, project, refinery, Riyadh, Sinopec

November 5, 2023

News Desk

Riyadh asks Islamabad to approach China’s Sinopec for $10 billion green refinery project

Pumpjacks are seen during sunset at the Daqing oil field in China’s Heilongjiang province, August 22, 2019. — Reuters Riyadh wants the EPC contract to be given to Sinopec. The Petroleum Directorate asked to evaluate Sinopec’s investment interest. SIFC requests the department to facilitate the Chinese company if it is interested. Islamabad: Saudi Arabia has asked Islamabad to approach China’s Sinopec and make it part of the $10 billion green refinery to be set up in Pakistan, it said The news on Sunday. “We have announced and communicated the new green refinery policy with incentives of 7.5% deemed duty for

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