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. Discover the latest business news, Sensex, and Nifty updates.
What is the difference between cotton oil and cottonseed oil?
Cotton (Gossypium sp.) is a commercially important annual fibre crop; cottonseed oil (CSO) important product extracted from one of byproducts cottonseeds. Oil yield varies with cotton species, places and season when cotton grown and extraction methods used for oil extraction.
Who owns Gwadar Port?
In April 2015, Pakistan handed over 40-year operational control rights of the Gwadar Port to Chinese Overseas Port Holdings Ltd. China would invest another US $ 200 million in the port plans and US $ 1.62 billion in railways, roads, and pipelines linking Gwadar to China (Desk 2015).
Why did Gwadar dredging project cost Rs 1 billion?
Officials attributed the cost overruns to the Gwadar Port Authority (GPA) and the Ministry of Maritime Affairs, which had developed the dredging project the previous year at an estimated cost of Rs 1 billion for the delivery and diversion of a few 50,000 DWT cargo ships due to navigational challenges.