The Board of Investment (BoI) has sought responses from involved Ministries to queries posed by a consortium planning to build a 10-million-tonne-per-year (MTPA) refinery in Balochistan.
Capital Strategies Group (Pvt.) Ltd (CSG) is a prominent trading firm headquartered in Pakistan. The company is one of the leading organisations in the country, representing global corporations in the energy, infrastructure, vertical transportation, cement, fertilizers, and defence industries.
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CSG and a Chinese consortium are working together to build a 10 million MTPA refinery in Pakistan. To complete the project outline, the organisation required more data and information such as: (i) Are both Gwadar and Karachi available for crude oil import and finished product export; (ii) Is there sufficient electricity supply for the refinery (200 MW) possible location of Hub/ Karachi/ Gwadar; (iii) If the company opts for captured power, what locations are suitable for coal imports; (iv) Are there any tax incentives for investors or duty free import of machinery; (v) Is there a government pre-approved list of industries for Chinese investors Will this product be off-taken by local OMCs? (vii) Is there an existing industrial zone with enough acreage for the refinery? (viii) Is there an industrial zone in Gwadar/ Hub/ Karachi where the company can take advantage of investment incentives?
BoI, in its letter to the Petroleum Division, Power Division, Federal Board of Revenue (FBR), and Ministry of Industries and Production (MoI&P) has requested additional information so that the company is facilitated to invest in the establishment of the refinery.
