The construction work of Karak Oil Refinery will be conducted in January 2018, source said. Karak Oil Refinery, a project with an estimated cost of Rs 62 billion, would have the capacity to refine 40,000 barrels of oil per day, said the government officials. The KPK government awarded the project to the Frontier Works Organization (FWO).

The oil refinery would be constructed in Krapa, an area situated in Karak but also close to Kohat. The provincial government is optimistic about the completion of the project in 2018. The products of the oil refinery will have international standards with octane ratings above 92.

The oil refinery construction has remained a disputed subject between the politicians of Kohat and Karak as both sides tried it to be constructed in their district. The contract with FWO would save time for the provincial government as the government would not have to go for the lengthy process of bidding.

Copyright Business Recorder, 2017