ISLAMABAD: A Rus­sian oil and gas consortium — Inter Rao and Himmash Apparat — has agreed to set up a medium-sized refinery in Kohat district of Khyber Pakhtunkhwa.

Although a memorandum of understanding has al­­rea­dy been signed bet­ween the Russian firms and the KP Oil and Gas Com­pany (KPOGCL), the Russian investors have yet to seek Moscow’s approval to enter the energy market of Pakistan.

On Wednesday, a Rus­sian delegation headed by Yaroslav Gavrylendo held a meeting with KPOGCL Chief Execu­tive Officer Muhammad Raziuddin to discuss a way forward for the project.

KPOGCL is playing an active role as facilitator, de-briefing the investors on financial and technical aspects of the project.

Letters of intent have already been issued by Russian investors through their consortium to the KP government and they are keen to take this project to the next phase.

The delegation lauded the efforts of KPOGCL for facilitating new investors in the region on a fast-track basis.

Published in Dawn, August 10th, 2017

Opinion

Editorial

A call for bloodshed
30 Nov, 2022

A call for bloodshed

The state has wasted precious time by not consolidating its success in pushing TTP out of its strongholds in the north.
Missing childhoods
30 Nov, 2022

Missing childhoods

THE fact is that despite some legal efforts to end the curse of child marriage taking place in Pakistan under the...
Unemployment concerns
30 Nov, 2022

Unemployment concerns

THE ILO finding that labour market recovery from the impact of the Covid-19 pandemic in Pakistan, as in many other...
Back to politics
Updated 29 Nov, 2022

Back to politics

PDM and PTI must realise that neither will get what they want if they keep fighting bitterly at every turn.
Election delay
29 Nov, 2022

Election delay

OF recent, leaders from the ruling PML-N have been dropping hints about a possible delay in general elections after...
Sugar woes
29 Nov, 2022

Sugar woes

IT’S that time of year again when cane growers get anxious over the delay in the commencement of the new sugar...