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KARACHI:Pakistan is all set to have its first 'deep conversion refinery' with estimated investment
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dded petroleum products.Pakistan Refinery Limited (PRL) has announced an investment of $1 billion to transform its plant into a deep conversion refinery, which will also produce Euro-II standard diesel with technology upgrade, according to a notification sent to the Pakistan Stock Exchange (PSX) on Friday. The board of directors of the company, after thorough deliberations, has decided to implement this refinery upgrade project with approximate investment of $1 billion, stated the company notification.Pakistan, Saudi Arabia agree to form JWG for oil projectsDeep conversion refineries produce only 2-3% furnace oil, depending on the design and crude diet, whereas c
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