world expo recommended palm oil press production line in gwadar

   
world expo recommended palm oil press production line in gwadar
                                               
                                               
                                               
                                               
  • world expo recommended palm oil press production line in gwadar
  • Which country is planning a $2 billion oil refinery near Gwadar?
  • A $2 billion oil refinery is planned to be set up near Gwadar. The port is being developed by the China Overseas Port Holding Company (COPHC), to which it was leased by the Pakistan government for 40 years in April 2017. The final expansion of the port and ancillary systems will be undertaken by the Chinese.
  • Who owns Gwadar Port?
  • In 2013, the management of Gwadar port was handed over to a Chinese company, the China Overseas Ports Holding Company, for a duration of 43 years. The Gwadar port became part of the CPEC in 2015 when the initiative was officially agreed to by the Chinese and Pakistani governments.
  • Is Gwadar Port a win-win situation?
  • Both China and Pakistan view the development of Gwadar port as a win-win situation. The CPEC is part of China¡¯s Belt and Road Initiative (BRI) that seeks to extend China¡¯s strategic outreach deep into the Indo-Pacific region and counter U.S. influence in the Indo-Pacific.
  • Why is Gwadar Port important to China?
  • As compared to this, Gawadar port is only on a distance of 2500 km from China and the port is working for the whole year because of the accessibility of the hot water. Therefore, the interest of China in the development of Gwadar port is infect in the interest of the Chinese economy.