$10b deal for refinery with $3b from Saudi Aramco for Gwadar refinery

[Cheepek]

Pakistan's existing refineries remain underutilised(50%-60% utilisation), consumption is a tepid 400k bpd which has fallen to ~320k bpd now.
Prospects of growth are grim in the initial years owing to a chronic BOP crises.

So you wonder why does Pakistan want to double capacity in the next decade by shelling out $10B with all the uncertainty?
Will Pakistan's consumption increase to ~1M bpd within the next decade?

The answer is India, Pakistan intends to be a major oil player like India. It wants to export oil like India. Like in almost all of it's policies and schemes, it wants to blindly ape India.
The outcome of that is failure in everything.

Pakistan's elites find these breathers every once a while just to extend it's lifespan for a few years.

Btw, what all happened to import of Urals?

 

[HRK]

For the PTI trolls

Imran Khan made a big deal in power too
www.nytimes.com
Saudi Crown Prince Promises $20 Billion in Investments for Pakistan (Published 2019)
The pledges, which are nonbinding, would also help secure the country as a market for Saudi crude oil.
www.nytimes.com www.nytimes.com
time.com
Saudi Arabia Is Investing $20 Billion in Pakistan. Here's What It's Getting in Return
Islamabad honored the Saudi crown prince's visit with a public holiday, a gold-plated gun and the country's highest civilian award
time.com time.com

When someone whose birth itself is a trolling to this world extends the support to certain narrative and it's peddler proves that like always that idiot is again pocking its nose in the internal political matters of Pakistan as attempt to troll and to feel his worth in this cruel world.

BAB (B@st@rds across the boarder) are advised to fcuk off ...

 

[Goritoes]

Army oil, you can use it in your cars or you can let Army put it on the bamboo which they will put in the backend of the entire nation

 

[Hero786]

I think it was good to built more nuclear power plant in South Punjab or in other areas.

But what can you expect from a clown.

 

[nahtanbob]

Margin on refinery is basically small, better importing refined oil and the money can be used for something that can bring more multiplayer effect for Pakistan economy which is still in trouble. Building refinery will also make money goes out due to Pakistan industry is not so strong so many components needs to be imported.

The ROI is low. Capital investment is large. The number of jobs created is limited

 

[SQ8]

I can see an oil refinery to meet domestic demand. Wouldn't you put that where people live ? like in Karachi

Not always - infact, 71 was a clear lesson that Karachi is too vulnerable to blockades so Ormara was picked as the next PN move. The refinery out west also was on the cards but as it would be Gwadar became the spot. Eventually the idea is to keep a strategic reserve port in Gwadar and see if other critical manufacturing which has normally been towards Karachi can be pushed out there.

 

[RoadRunner401]

LOL It's a M.O.U (Memorandum of understanding) its not an agreement and if we were to stack MOU signed by PDM plus Military governments of last 54 years with GCC and other countries around the world we can walk to the moon and back 10 billion times...

 

[NooriNuth]

No point. Baloch are Gona make absurd demands, such as employing all local Baloch in the project even when nobody in the area is qualified for the job.
Then demand depositing all revenue in local sardar bank account.
If these thinks don't happen, brand the project as Punjabi saazish and blow it up and kill workers.