WAKGROUP and Guangdong Electrical Design Institute (GEDI) have singed an engineering, procurement and construction (EPC) agreement to engineer, design and construct a state-of-the-art Falcon Oil refinery at KP Pakistan.
The oil refinery is a deep conversion and has the capacity to produce up to 100 000 bbl/d. The total contract value amounts to approximately US$3.58 billion.
The project is expected to be completed 30 months after work has commenced.
Yu Gang, Vice President China Energy Engineering Corp. (CEEC), parent company of GEDI, said: “CEEC attaches great importance to Pakistan Falcon Oil Refinery Project, which has great significance to the friendship between China and Pakistan. As the strong backup for GEDI, CEEC is willing to provide convenience and support while at the same time implement supervision and provide guidance. CEEC and GEDI will insist on the scientific, high efficient, concise and modest philosophy to utilise resources, make technical planning and solution and strictly execute the contract to build the project into a demonstration of China-Pakistan cooperation.”