UAE-Backed Khalifa Refinery Project Boosted By Chinese Demand

BMI View: The 250,000b/d Khelifa refining project is proceeding now a new participation agreement between its two investors - IPIC and PARCO - has been signed. The refinery will help Pakistan free itself from refined fuels imports. However, the UAE-based backers of this project, far from limiting themselves to the Pakistani domestic market, could see them export products to the Chinese

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