Establish long-term economic ties between Pakistan and the Netherlands, Royal Vopak is going to invest $1.5 billion
Islamabad Dated 28 August 2019, Royal Vopak is going to invest $1.5 billion in a land-based liquefied natural gas (LNG) terminal facility in Pakistan. This was stated by the head of a delegation of Royal Vopak, which called on Adviser to Prime Minister on Commerce Abdul Razak Dawood to discuss new opportunities for investment related to the LNG terminal and storage facilities in Pakistan. Royal Vopak NV is a Dutch company that stores and handles various oil, chemical, edible oil and natural gas-related products all over the world. The delegation head said the proposed LNG terminal would provide a cost-effective facility to consumers in the country by introducing state-of-the-art modern technology. “The facility will create new employment opportunities besides technological know-how in the engineering sector of Pakistan,” he said. Moreover, the Dutch company aims to invest $150 million in the construction of a polypropylene plant and $800 million in a Parco coa...