Will Saudi Arabia sign a multi-billion-dollar oil refinery deal in Gwadar?
Saudi Arabia has signaled renewed engagement to come up with an oil refinery project in Gwadar, Pakistan. Few days back, reports suggested that the two countries are inching toward signing a multi-billion-dollar deal for this project that had stalled for several years.
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.
How long will it take to build ARAMCO refinery in Gwadar?
¡°The planning for the mega oil city which will host an Aramco refinery and petrochemical complex is in progress, and we will take six to seven months to complete the masterplan,¡± Shahzeb Khan Kakar, director general of Gwadar Development Authority (GDA), told Arab News.