UAE to construct oil refinery in KPK

A United Arab Emirates (UAE) based company has agreed to invest five hundred million dollar in the construction of oil refinery in southern areas of Khyber Pakhtunkhwa (KPK).

Official sources told our Peshawar correspondent that a memorandum of understanding has already been signed with the company.

The sources said that Karak and Kohat districts are producing forty five thousand barrels crude oil daily.

Source: Radio Pakistan