Saudi minister visits Gwadar to inspect site of proposed oil refinery

Author: News Desk

Saudi Minister for Energy Khalid bin Abdul Aziz Al-Falih Saturday said his country will make the biggest investment of its history in Pakistan. The Saudi minister made the announcement during his visit, along with other delegates, to Gwadar to inspect the site for the proposed oil refinery. The delegation was received by Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan. Chief Executive Officer of Aramco Associates Company Al Buainain Ibrahim Qassim was also part of the delegation.

The delegates were given a briefing about Gwadar Port and ongoing developments works at the Chinese Business Complex. The Saudi minister said Pakistan and Saudi Arabia were key states with regard to peace and stability of the region. He said the friendship and mutual cooperation among Pakistan, China and Saudi Arabia will be an example on the international level.

Speaking on the occasion, Ghulam Sarwar Khan said Pakistan and Saudi Arabia were enjoying cordial relations. Describing the refinery a state-of-the-art facility, he said a memorandum of understanding (MoU) with regard to the refinery was expected to be signed next month.

Published in Daily Times, January 13th 2019.

Share
Leave a Comment

Recent Posts

  • Pakistan

SBP cuts key policy rate by 250bps to 15pc

The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut…

25 mins ago
  • Pakistan

Verdict reserved on Imran, wife’s bail pleas in 7 cases

The district and sessions court in Islamabad on Monday reserved its verdict on bail pleas…

25 mins ago
  • Pakistan

Six terrorists killed in two KP operations

At least six terrorists were killed by the security forces in two separation operations in…

30 mins ago
  • Pakistan

Punjab has no plan to buy PIA, clarifies minister

Punjab Information Minister Azma Bokhari on Monday said that the provincial government had "no intentions"…

31 mins ago
  • World

Israeli strikes kill 10 in Gaza, keep up pressure on north

Israeli airstrikes killed at least 10 Palestinians in Gaza, with seven dead in an attack…

32 mins ago
  • Pakistan

Every case shouldn’t be sent to constitutional benches: Justice Shah

Supreme Court (SC) judge Justice Mansoor Ali Shah on Monday opposed transferring every case to…

36 mins ago