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The United Arab Emirates is finalizing talks on a $5-billion investment in a crude oil refinery project in Pakistan, local media report, with the construction of the facility likely to begin before this year’s end. “It is going to be a $5 billion investment between Mubadala Petroleum Company of Abu Dhabi, Pak Arab Refinery Limited (PARCO) and OMV [OMV Pakistan Exploration Gesellschaft],” the Ambassador of the UAE to Pakistan, Hamad Obaid Ibrahim Salem Al-Zaabi, said as quoted by The News International. The news breaks a day…