PSO will set up an Oil Refinery for $800 (USD)

Pakistan State Oil signed a Memorandum of Understanding (MoU) with the Government of Khyber Pakhtunkhwa (GoKP) for the establishment of an oil refinery in the province. The MoU was signed in Peshawar on April 11, 2014 (Thursday). PSO would set up a technologically advanced refinery with a capacity of 40,000 barrels per day (BPD) on about 400 acres of land in district Kohat-Khyber Pakhtunkhwa, Pakistan.