Oil refinery to be set up in Kohat

UAE company chief calls on CM

PESHAWAR: The Khyber Pakhtunkhwa government and Al-motahedoon Petroleum Refinery have agreed to establish an oil refinery at Khushal Garh area of Kohat district.

The provincial government will acquire land with the condition that Al-motahedoon, being private company, would pay 25percent charges instead of 15percent for the land acquisition under the Land Acquisition Act.

A formal agreement on this account will be signed later, said a handout.Representatives of the provincial government and the Gulf company held a meeting at Khyber Pakhtunkhwa House in Islamabad, with the Chief Minister Pervez Khattak in the chair.

The chief minister’s advisor on communication and works, Akbar Ayub Khan, Chairman of Al-motahedoon Muhammad Ahmed Alkaitoob Al Naeemi, provincial secretary interior, Senior Member Board of Revenue, the chief economist, and commissioner Kohat division attended the meeting. 

Meanwhile, Sheikh Mohammed Ahmed Al Kaitoob Al Nuaimi, chairman Al-Motahedon Petroleum Refineries (AMPR) of the United Arab Emirates (UAE) has thanked the Chief Minister Khyber Pakhtunkhwa Pervez Khattak for directing the authorities concerned to prepare necessary documentation at the earliest for formal signing of sovereign land agreement to construct $500million oil refinery in Khyber Pakhtunkhwa.

Chairman AMPR earlier called on chief minister KP along with his delegation in KP House and presented him the MoU that was signed with Board of Investment on December 10, 2015, said a communiqué.

The chairman said that the project aimed at utilising production from the fields of Nashpa, Makori East, Maramzai, Mari fields. The chairman AMPR assured timely completion of this landmark project, adding that he would also take over one technical training institute for orientation of locals as the first CSR initiative by his company.