ISLAMABAD, Oct 30: Abu Dhabi will set up an oil refinery in Gwadar at a cost of $5 billion, according to Pakistan’s ambassador to the United Arab Emirates Ihsanullah Khan.
He told the state-run Pakistan Television on Tuesday that the project would be known as Khalifa Coastal Refinery and would be set up at the Khalifa Point in Gwadar.
He said that the refinery was promised by the Abu Dhabi government to President General Pervez Musharraf and the project had been finalised.
He said the refinery’s production capacity would be 200,000 barrels a week.—APP
