Hub in Pakistan’s Balochistan province. IPIC, the investment agency of UAE’s Abu Dhabi, and Pak Arab Refinery Limited (PARCO) signed a memorandum of understanding (MoU) to jointly build a refinery of 200,000 b/d to 300,000 b/d capacity. The plant is scheduled to start up in late 2012. IPIC would hold a 74% stake with PARCO…