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APD | Saudi minister visits Pakistan’s Gwadar for proposed oil refinery

World2019-01-13

By APD writer Muhammad SohailISLAMABAD, Jan. 13 (APD) -- A delegation headed by Saudi Arabian Minister for Energy, Industry and Minerals Khalid Abdul Aziz D Al Falih visited Pakistan’s southwest port city of Gwadar on Saturday to inspect the site for the proposed oil refinery, an official statement said.Pakistan’s Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan received the Saudi delegation at the deep seaport city, an ultimate destination of the China-Pakistan Economic Corridor (CPEC).Describing the proposed refinery a "state-of-the-art facility", Sarwar Khan said it would be the biggest investment of the Saudi government in Pakistan, for which a memorandum of understanding is expected to be signed later this month, read a statement issued by the ministry.Pakistan and Saudi officials discuss prospects of oil refinery and development of Gwadar in a meeting held in Gwadar.The petroleum minister said Pakistan and Saudi Arabia have been enjoying cordial relations.The CEO of Al Buainain group, an associate company of Aramco, was also part of the delegation.Pakistan and Saudi Arabia are likely to sign a memorandum of understanding for more than 10 billion U.S. dollars as part of Saudi investment in Pakistan this month, local media reported. The government of Pakistan will also sign investment agreements with China, the United Arab Emirates and Malaysia over the next two months.  (ASIA PACIFIC DAILY)

By APD writer Muhammad Sohail

ISLAMABAD, Jan. 13 (APD) -- A delegation headed by Saudi Arabian Minister for Energy, Industry and Minerals Khalid Abdul Aziz D Al Falih visited Pakistan’s southwest port city of Gwadar on Saturday to inspect the site for the proposed oil refinery, an official statement said.

Pakistan’s Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan received the Saudi delegation at the deep seaport city, an ultimate destination of the China-Pakistan Economic Corridor (CPEC).

Describing the proposed refinery a "state-of-the-art facility", Sarwar Khan said it would be the biggest investment of the Saudi government in Pakistan, for which a memorandum of understanding is expected to be signed later this month, read a statement issued by the ministry.

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Pakistan and Saudi officials discuss prospects of oil refinery and development of Gwadar in a meeting held in Gwadar.

The petroleum minister said Pakistan and Saudi Arabia have been enjoying cordial relations.

The CEO of Al Buainain group, an associate company of Aramco, was also part of the delegation.

Pakistan and Saudi Arabia are likely to sign a memorandum of understanding for more than 10 billion U.S. dollars as part of Saudi investment in Pakistan this month, local media reported. 

The government of Pakistan will also sign investment agreements with China, the United Arab Emirates and Malaysia over the next two months.  

(ASIA PACIFIC DAILY)

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