News Post
EPC contract signed to establish oil refinery in Pakistan
Wak Group and Guangdong Electrical Design Institute (Gedi), have signed an engineering, procurement and construction (EPC) agreement to engineer, design and construct a Falcon Oil refinery at KP Pakistan.
The deep conversion oil refinery has a capacity of producing up to 100,000 bpd. The total contract value amounts to approximately $3.58 B. The project is expected to be completed in 30 months after commencement of work.
The infrastructure development on the site will commence soon and the Falcon Oil project will further strengthen the emerging trade and economic cooperation between the two countries.
The agreement was signed by Waqar Ahmed Khan, chairman of Wak Group and Qiao Xubin, vice president of Gedi.
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