Eric Watkins
Senior Correspondent
LOS ANGELES, Nov. 14 -- A survey and geotechnical investigation have been completed for the $5 billion Khalifa Coastal Refinery project planned by International Petroleum Investment Co. (IPIC) of Abu Dhabi and Pakistan's Pak-Arab Refinery Ltd. (Parco) near Hub in Baluchistan Province (OGJ, Oct. 15, 2007, Newsletter).
A detailed feasibility study for the 300,000 b/d refinery will be completed by January 2008, with the front-end engineering and design expected by November 2008.
A construction contract is expected to be awarded by March 2009, with completion of the facility due by December 2012.
IPIC will hold 74% of the project, with Parco holding the remaining 26%.
Contact Eric Watkins at [email protected].