Islamabad: Pakistan and China have reached an agreement on building an oil refinery in Dera Ismail Khan. WAK group from Pakistan and Guangdong Electrical Design Institute from China will build the refinery and have signed an agreement in this regard in Dubai. The refinery, expected to be Asia’s largest, will be established in Yarak area of Dera Ismail Khan in two and a half years at a cost of around Rs400 billion. The plant will have a capacity to refine 100,000 barrels of oil per day.

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