News
18 October 2024

China to pump $1bn into Pakistan Refinery upgrades

In:
Oil & gas
Region:
Asia-Pacific

China has agreed to provide $1 billion to Pakistan Refinery Limited (PRL) for its upgrade project.However, Chinese Investment Corporation has made it clear that it does not want any government role involved in the deal and expects PRL to repay the amount in dollars. Export credit agency Sinosure has...

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