Is Sharif planning a greenfield refinery project at Gwadar Port?
The government headed by Prime Minister Shehbaz Sharif is reportedly in the advanced stages of negotiations with Saudi giant Aramco to execute the greenfield refinery project at the strategic Gwadar Port and wants to complete the initial paperwork before its tenure ends in two weeks.
Will Gwadar get a $4.5 billion oil refinery?
According to the press release of the Chinese firm, the East Sea Group, a $4.5 billion oil refinery is being built in Gwadar. It will have an annual oil processing capacity of 8 million tons.
Could oil refinery be established in Pakistan instead of Gwadar?
It was indicated vaguely that an oil refinery may be established somewhere else in Pakistan instead of Gwadar. However, a recent development saw Saudi Arabia signaling renewed engagement to come up with an oil refinery project in Gwadar.
Will China build oil refinery in Gwadar Free Zone Area Phase II?
The Chinese enterprise’s engagement to build an oil refinery in Gwadar Free Zone area phase II has electrified the mood and morale of the CPEC’s reinvigoration, as the matter of whether it will be built has remained in limbo and caused ominous susceptibility on the future of Gwadar development.