Iran Agrees to Set Up Oil Refinery in Pakistan

Source: www.gulfoilandgas.com 2/21/2013, Location: Asia

Pakistanís Advisor to Prime Minister on Petroleum and Natural Resources, Dr. Asim Hussain, said Iran with the cooperating with Pakistan state oil (PSO) will step up an oil refinery at south western city of Gwadar.

Talking to reporters after holding a meeting with Iranís Minister of Oil Rostam Qassemi he said that the refinery would refine 400,000 barrels of oil per day. He added that President of Pakistan Asif Ali Zardari would soon visit Iran to finalize the agreement of establishment of oil refinery.

ďWe had very good meetings and we had a lot of bilateral talks especially on Iran-Pakistan gas pipeline project and setting up oil refinery at Gwadar with PSO,Ē he told IRNA. Answering a question posed by IRNA he said that Iran-Pakistan gas pipeline project would be completed on time on schedule.

To a question he said that a Pakistani delegation would visit Iran to finalize Engineering Procurement and Construction (EPC) agreement on Iran-Pakistan gas pipeline project.

Earlier Dr. Asim Hussain held a meeting with Iranian delegation led by Iranís Petroleum Minister Rostam Qassemi at a local hotel. During the meeting various expert groups were set up to discuss bilateral cooperation in energy sector.

Rostam Qassemi thanked Pakistani government for extending him a warm welcome at the beginning of the meeting. He said that there is lot of scope to enhance cooperation between Iran and Pakistan in energy sector.

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