Saudi Arabia ‘joining CPEC to make Gwadar an oil city’

[nahtanbob]

If they blockade Gwadar they will also be blocking Iran. It will adversely effect Chinese trade as well.


US probably doesn't have the balls to take on two/three nuclear armed countries at once (we all know Iran has nukes hidden away).

If they are blockading Gwadar they are already blockading China in the Pacific
I may add Pakistan does not have the balls to join China against America

 

[Arsalan]

If they are blockading Gwadar they are already blockading China in the Pacific
I may add Pakistan does not have the balls to join China against America

May not have the balls but we wont have a any other choice either so dont bet on it.

 

[nahtanbob]

May not have the balls but we wont have a any other choice either so dont bet on it.

when the big boys fight it out the little ones stay out
What are Chinese going to do ? kiss up with Indians

 

[Goku-kun]

when the big boys fight it out the little ones stay out
What are Chinese going to do ? kiss up with Indians

you are not united states but now these days you are 'united snakes' and you nuisance is intolerable for the emerging countries continuously barking that this is against your policy and then expecting others to correct the so-called mistake in your eyes.How about you having nukes is threat to the world countries's policy so why don't you remove the nukes

 

[Arsalan]

when the big boys fight it out the little ones stay out
What are Chinese going to do ? kiss up with Indians

Why would they? India will be US main pawn in any such fight. Pakistan will always side with China on this one out of its own national interest (for once) and because there wont be much choice anyway.

 

[nahtanbob]

Why would they? India will be US main pawn in any such fight. Pakistan will always side with China on this one out of its own national interest (for once) and because there wont be much choice anyway.

What makes up think India would fight China in the South China Sea or Taiwan or North Korea ?

 

[Clutch]

Saudi team arrives in Pakistan, may sign four MoUs

Khaleeq KianiUpdated October 01, 2018
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Prime Minister Imran Khan meets Crown Prince Mohammed bin Salman on his visit to Saudi Arabia earlier this month. — Photo/File

ISLAMABAD: Pakistan and Saudi Arabia are expected to sign four memoranda of understanding (MoUs) for oil and mineral sector investment and trade cooperation that would ultimately extend the Chinese Belt and Road Initiative (BRI) from Gwadar to Africa through Oman and Riyadh.

The MoUs are planned to be signed on the conclusion of a four-day visit of Saudi delegation that arrived here on Sunday, sources said. The move will enable Islamabad to secure supply of petroleum products and crude oil on deferred payments and Riyadh will be looking into setting up of an oil refinery at Gwadar, invest in a copper and gold project in Balochistan’s Reko Diq and LNG-based power projects in Punjab.

Led by the Minister for Energy, Industry and Mineral Resources, the visiting delegation would also have members from the Saudi national oil firm, Aramco, the sources said. Besides authorities of various ministries, state-run Pakistan State Oil (PSO) would be the only Pakistani firm to be part of a direct dialogue, the sources added.

Islamabad to get oil supply on deferred payments and Riyadh may set up an oil refinery, invest in mineral and energy projects

They said Riyadh had been looking for diversifying its trade routes, including for oil supplies because of its tension with Qatar and Iran.

ARTICLE CONTINUES AFTER AD
It is considering two options — about 40km bridge or tunnel — to link Gwadar with Muscat and Oman at the mouth of Strait of Hormuz on one side and connect its industrial city of Jazan with Eritrea’s Massawa region through a 440km tunnel across the Red Sea. The land route between Muscat and Jazan port is around 2200km.

The sources said the meetings would be held on Monday between the officials of Saudi and Pakistani companies under the aegis of the ministries of energy & mineral resources and industries & production for a 110,000 barrel per day (BPD) refinery at Gwadar and investment in copper mines of Reko Diq and phosphate supply.

The sources said the two sides would also discuss the supply of refined products and crude oil imports on deferred payments followed by another session for proposed privatisation of two LNG-based power plants set up by federal funding in Punjab the same day (Monday).

They said the teams would then travel to Gwadar port and Reko Diq on Tuesday for field visits. The two sides would hold final discussions on Wednesday on proposed MoUs on the Gwadar refinery, Reko Diq, two power plants and oil supplies — both refined and crude.

The sources said Pakistan had requested Saudi Arabia for a long-term arrangement for oil supplies on delayed payments – one of the most crucial avenues for balance of payments support.

Pakistan is importing about 110,000 barrels per day (BPD) crude oil from Saudi Arabia, out of its total import of about 350,000 BPD.

Riyadh provided deferred payment facility for oil supplies initially for two years soon after Pakistan went nuclear in 1998 and then kept extending the facility for another three years.

The Gwadar refinery proposed to be set up by Saudi Arabia could be used for supply of refined products to Pakistani market or for export.

All the projects would take time to materialise, said a finance ministry official but hinted that investments flowing into Pakistan could support declining foreign exchange reserves.

The discussions are taking place at a time when a staff mission of the IMF is simultaneously holding Article IV consultations with the authorities that could become the basis for a future IMF programme if the government agreed. The support from Saudi Arabia would be one of the key factors to determine if Pakistan should go for the IMF programme.

Pakistan’s oil import bill amounted to $14.5 billion during the financial year ending on June 30, 2018, and could go up to $18bn this year with higher prices and increased consumption.

Published in Dawn, October 1st, 2018

 

[Arsalan]

What makes up think India would fight China in the South China Sea or Taiwan or North Korea ?

I am not saying that dear.
All i am saying is that your perception that Pakistan WONT side with China is wrong, we will as we have to!

 

[nahtanbob]

I am not saying that dear.
All i am saying is that your perception that Pakistan WONT side with China is wrong, we will as we have to!

pakistan will not get involved in a fight in South China Sea or Korean peninsula
for one it makes no difference

 

[Arsalan]

pakistan will not get involved in a fight in South China Sea or Korean peninsula
for one it makes no difference

No surely we wont GO there to get involved bro. But i am not sure if such a war will be isolated into that one particular area.