A Chinese delegation visited to Peshawar to discuss setting up of Oil refinery in Khyber Pakhtunkhwa province. Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) and Jereh Group have joined hands for establishment of 15,000 Bpd Refinery in KP Province. For this purpose, a Chinese delegation visited Peshawar to discuss setting up the proposed Oil Refinery, according to statement issued by the company here on Monday.
For a follow up note, CEO Jereh Group HE LI visited Peshawar and discussed way forward with Secretary of Energy & Power Engr. Muhammad Naeem Khan, Secretary of Planning & Development Shahab Ali Shah, CEO KPOGCL Raziuddin and DGM KPOGCL Nouman Akbar along with technical team. He expressed his views that Jereh Group is very much interested to take this project forward after due consideration of all the possibilities. Pre-feasibility study has been conducted by KPOGCL and was presented to visiting delegation team. According to details, a Memorandum of Understanding (MoU) was recently signed between two companies in Beijing, for joint venture partnership for establishment of the much needed refinery in the province.
As per agreement, KPOGCL will act as the facilitator and provide one window operations to Jereh group ranging from security to ground break ceremony for execution of project. Later, speaking on the occasion KPOGCL CEO Raziuddin stated that this project will create 10,000 direct and indirect jobs for the province and will be beneficial for E&P companies operation in KP Province. As per MoU, Jereh Group will conduct detailed feasibility study. Furthermore, after successful execution of project, US$ 1 Million will be spent for community development on account of Corporate Social Responsibility, he said.
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