Land allocation in process for $10b Saudi Aramco refinery in Gwadar

[StormBreaker]

KARACHI: Gwadar Development Authority (GDA) Director-General Shahzeb Khan Kakar has said that upcoming oil city project in Gwadar will host a multibillion-dollar Saudi Aramco refinery, Arab News reported.

He hoped that the process of land allocation for the $10 billion Saudi oil refinery project and a $1-billion petrochemical complex would be completed within a couple of months.

Kakar told Arab News: “The land allocation process for the oil refinery is underway with the provincial government’s revenue department in Quetta.” Saudi Arabia and Pakistan signed seven investment deals worth $21 billion during visit of last year which included the Aramco refinery. The oil refinery has a expected refining capacity of between 250,000 bpd to 300,000 bpd.

Gwadar is at the heart of the China Pakistan Economic Corridor (CPEC) and Beijing is investing $60 billion in energy and infrastructure sectors of Pakistan.

SOURCE : Profit By PakistanToday

 

[StormBreaker]

We have China investing heavily in Pakistan and specifically in Gwadar as well. KSA has been an investor for some decades but if we get them to invest more for their own interests, we can squeeze our defence requirements from those allies who have assets in Pakistan. By squeezing, i am not pointing out financially but to also act as a means to act as a negotiator between Pakistan and source. KSA can be handy in that perhaps. Secondly, We have to bring KSA’s investment in Gwadar to proactively use this as a political tool to settle tensions between KSA and Iran. KSA is also a long time ally with a history of assisting us in times of need, we should get them on board on to our defence programs, as well as initiate programs with them as JV

 

[Goenitz]

just give them for 99 years lease and cheap.. No selling to foreigners.

 

[StormBreaker]

just give them for 99 years lease and cheap.. No selling to foreigners.

99 seems too much

 

[Pakistansdefender]

Great stuff.
They are going to launch it by June.

 

[wali87]

Pakistan today is not the best of sources. However, excellent news if true. Been hearing about this development from quite a while.

 

[StormBreaker]

Pakistan today is not the best of sources. However, excellent news if true. Been hearing about this development from quite a while.

Profit is quite an authentic source tbh