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April 10, 2018

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Pakistan, China sign 2 MoUs for gasline, refinery

ISLAMABAD: Pakistan and China have signed a Memorandum of Understanding (MoU) for North South Gas Pipeline to ensure supply of affordable gas in areas currently showing increased demand for power generation and industrial use. Prime Minister Shahid Khaqan Abbasi also witnessed the signing of the MoU between Inter State Gas Systems of Pakistan and Power China at Sanya Monday. The prime minister also witnessed signing of another MoU between the Pakistan State Oil and Power China for construction of up country deep conversion oil refinery and laying of crude oil pipeline. The project will help in reducing costs of petroleum products currently being transported through road from refineries in southern parts and also ensure uninterrupted supply.

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