patent 1-corn oil refinary plant in gwadar

   
patent 1-corn oil refinary plant in gwadar
                                               
                                               
                                               
                                               
  • patent 1-corn oil refinary plant in gwadar
  • Will Saudi Arabia build Pakistan's largest oil refinery?
  • (Representational Photo/File) Four Pakistani state-owned petroleum companies have signed a memorandum of understanding with Saudi Arabia to build Pakistan¡¯s largest oil refinery with an investment of USD 10 billion in the strategic Gwadar Port, according to a media report on Friday.
  • Where is Gwadar located?
  • Located in the southwestern province of Balochistan, Gwadar is the crown jewel of China¡¯s $60 billion investment in its Belt and Road Initiative projects in Pakistan. Saudi Arabia says it plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, which is being developed with the help of China.
  • 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.
  • Why did Pakistan decide on a joint venture with Saudi oil companies?
  • Minister for State Musadiq Malik, who witnessed the MOU signing ceremony, said the Saudi oil firm showed a willingness to inject the entire equity into the multibillion-dollar refinery project, leading the Pakistani government to decide on a joint venture with key SOEs, the report added.