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.
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 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.
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.