The Sandman
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- Aug 26, 2015
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Jan 14th 2016,
Islamabad—China Huanqiu Contracting and Engineering Corporation (HQC) subsidiary of China National Petroleum Corporation (CNPC) interested to setup oil refinery in Pakistan preferably at Gwadar and Karak, Khyber Pakhtunkhwa. Wang Guobin, President, China Huanqiu Contracting and Engineering Corporation (HQC) subsidiary of China National Petroleum Corporation (CNPC) along with seven-member Chinese delegation expressed this during meeting with Minister of State and Chairman, Board of Investment (BOI) Dr. Miftah Ismail here on Thursday.
Wang Guobin informed that there group has specialized in Oil and gas exploration and oil refinery. He further said that they were interested to setup oil refinery in Pakistan preferably at Gwadar and Karak, Khyber Pakhtunkhwa. China Huanqiu Contracting and Engineering Corporation subsidiary of China National Petroleum Corporation (CNPC), is an intelligence-intensive, technology intensive and technology-oriented state-owned backbone enterprise. It takes technology as the guide, design as the lead, engages in such diversified business as consultation, R&D, engineering, construction management, equipment manufacture.
Dr. Miftah informed that government encouraging the private sector for setting up of oil refineries in Pakistan. Recently UAE company had also shown interest to establish oil refinery in KPK. There is no tax for a period of 20 years in this sector, Laws have been tailored to safeguard and ensure protection of investments. The foreign investment is fully protected under the Foreign Private Investment (Promotion & Protection) Act, 1976, and Protection of Economic Reforms Act 1992, he highlighted. Miftah Ismail also discussed with Chinese delegation of investors about the available opportunities in Pakistan. The Chairman highlighted the investment potential and opportunities available specific for Chinese investors and companies in Pakistan.
China keen to set up oil refinery in Pakistan
Islamabad—China Huanqiu Contracting and Engineering Corporation (HQC) subsidiary of China National Petroleum Corporation (CNPC) interested to setup oil refinery in Pakistan preferably at Gwadar and Karak, Khyber Pakhtunkhwa. Wang Guobin, President, China Huanqiu Contracting and Engineering Corporation (HQC) subsidiary of China National Petroleum Corporation (CNPC) along with seven-member Chinese delegation expressed this during meeting with Minister of State and Chairman, Board of Investment (BOI) Dr. Miftah Ismail here on Thursday.
Wang Guobin informed that there group has specialized in Oil and gas exploration and oil refinery. He further said that they were interested to setup oil refinery in Pakistan preferably at Gwadar and Karak, Khyber Pakhtunkhwa. China Huanqiu Contracting and Engineering Corporation subsidiary of China National Petroleum Corporation (CNPC), is an intelligence-intensive, technology intensive and technology-oriented state-owned backbone enterprise. It takes technology as the guide, design as the lead, engages in such diversified business as consultation, R&D, engineering, construction management, equipment manufacture.
Dr. Miftah informed that government encouraging the private sector for setting up of oil refineries in Pakistan. Recently UAE company had also shown interest to establish oil refinery in KPK. There is no tax for a period of 20 years in this sector, Laws have been tailored to safeguard and ensure protection of investments. The foreign investment is fully protected under the Foreign Private Investment (Promotion & Protection) Act, 1976, and Protection of Economic Reforms Act 1992, he highlighted. Miftah Ismail also discussed with Chinese delegation of investors about the available opportunities in Pakistan. The Chairman highlighted the investment potential and opportunities available specific for Chinese investors and companies in Pakistan.
China keen to set up oil refinery in Pakistan