Between the years 2013 and 2021, the Chinese investment increased six-and-a-half times to $6.1b but the US investment dropped three-fourths to $1.5b, said the BOI secretary. The China Petroleum Pipeline Engineering Company LTD (CCP) and China Zhen Hua Import and Export Corporation have shown interest to invest $15 billion in oil refinery complex, Board of Investment (BOI) Secretary Fareena Mazhar told The Express Tribune on Tuesday. China Petroleum Pipeline Engineering Company Limited is a subsidiary of the China National Petroleum Corporation and the primary builder of pipelines in China. “We have talked with the companies and are hopeful that the situation would reverse in three months, the BOI secretary said. So far 13 Chinese companies have showed interest.

Source: The Express Tribune August 04, 2021 03:33 UTC