UAE Walks Out of $5 Billion Coastal Refinery Project
The United Arab Emirates (UAE) government has backed out of an agreement to install a $5 billion Coastal Refinery at Khalifa Point near Hub in Balochistan.
While walking out of the agreement on the project, with the capacity to refine 250,000 barrels of crude oil a day, the UAE has linked the establishment of the giant plant to taking charge of the country’s strategic asset of Parco (Pak-Arab Refinery Company), a senior official confided to The News on Sunday.
Source: The News















