PESHAWAR: Jereh Group, a Chinese company has engaged in Memorandum of Understanding (MoU) with Khyber Pakhtunkhwa Oil and Gas Company (KPOGCL), a KP Provincial Holding Company for establishment of 15,000 Bpd refinery in KP to cater for needs of exploration companies operating in the region The CEO Jereh Group HE LI visited Peshawar and discussed way forward with Secretary of Energy and Power KP Engr Muhammad Naeem Khan, Secretary of Planning and Development Shahab Ali Shah, CEO KPOGCL Raziuddin and DGM KPOGCL Nouman Akbar along with technical team.
He expressed his views that Jereh Group is very much interested to take this project forward after due consideration of all the possibilities. Pre-feasibility study has been conducted by KPOGCL and was presented to visiting delegation team.
Speaking on the occasion KPOGCL CEO Raziuddin stated that this project will create 10,000 direct and indirect jobs for the province and will be beneficial for E&P companies operation in KP. We envision creating a pipeline infrastructure directly from wellhead to refineries. As per MoU, Jereh Group will conduct detailed feasibility study.
Furthermore, after successful execution of project, US$ 1 million will be spent for community development on account of Corporate Social Responsibility, he said.
It merits a mention here that the MoU signing ceremony was held in Beijing, China on April 19, 2017 between the two companies for joint venture partnership for establishment of the much needed refinery in the province.
KPOGCL will act as the facilitator and provide one window operations to Jereh group ranging from security to ground break ceremony for execution of project.
