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Saudi minister reaches Gwadar to inspect land allocated for oil refinery

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The cheif of French Exxon already confirmed they had hit oil in Pakistan.

But how much? they didnt say. though he added the discovery so far was enough to meet the needs of Pakistan fo the next 50 years.

source?
 
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A Saudi delegation headed by Minister for Energy, Industry, and Minerals Khalid Abdul Aziz D Al Falih visited Gwadar on Saturday to inspect the site for the proposed oil refinery, Radio Pakistan reported.

Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan received the Saudi delegation at the deep seaport city — an ultimate destination of the China Pakistan Economic Corridor.

Describing the proposed refinery a "state-of-the-art facility", Sarwar Khan said it would be the biggest investment of the Saudi government in Pakistan, for which a memorandum of understanding was expected to be signed later this month, read a statement issued by the ministry.

The petroleum minister said Pakistan and Saudi Arabia were enjoying cordial relations.

ARTICLE CONTINUES AFTER AD
The CEO of Al Buainain group, an associate company of Aramco, was also part of the delegation.

Pakistan and Saudi Arabia are likely to sign memoranda of understanding for more than $10 billion Saudi investment in Pakistan this month. The government will also sign similar MoUs with China, the United Arab Emirates and Malaysia over the next two months.
 
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A Saudi delegation headed by Minister for Energy, Industry, and Minerals Khalid Abdul Aziz D Al Falih visited Gwadar on Saturday to inspect the site for the proposed oil refinery, Radio Pakistan reported.

Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan received the Saudi delegation at the deep seaport city — an ultimate destination of the China Pakistan Economic Corridor.

Describing the proposed refinery a "state-of-the-art facility", Sarwar Khan said it would be the biggest investment of the Saudi government in Pakistan, for which a memorandum of understanding was expected to be signed later this month, read a statement issued by the ministry.

The petroleum minister said Pakistan and Saudi Arabia were enjoying cordial relations.

ARTICLE CONTINUES AFTER AD
The CEO of Al Buainain group, an associate company of Aramco, was also part of the delegation.

Pakistan and Saudi Arabia are likely to sign memoranda of understanding for more than $10 billion Saudi investment in Pakistan this month. The government will also sign similar MoUs with China, the United Arab Emirates and Malaysia over the next two months.

Nice work KSA
 
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It's not confirm yet that if we Pakistan has oil for 50 years or not. Saudi is making oil refinery to export it to china.

I think there will be pipeline also from gwadar oil refinery to china through which oil will be exported. Pakistan will earn as middle man between the two and oil refinery will be completed in 10 years as it will be huge.

Pakistan will be able to refine oil cheaper with advance tech I guess.

Are you sure about that? I thought China like India does not import Petrol or other refined products. They only import Crude oil.
 
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Are you sure about that? I thought China like India does not import Petrol or other refined products. They only import Crude oil.

the only way to find out is state of the project 5 years from now
 
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