Saudi Minister visits Gwadar to inspect proposed oil refinery site

Minister for Petroleum Ghulam Sarwar Khan welcomes him

Minister for Petroleum Ghulam Sarwar Khan welcomes him

He felicitated the Saudi Minister of Media on assuming new responsibilities.

"Saudi Arabia wants to make Pakistan's economic development stable through establishing an oil refinery and partnership with Pakistan in the China-Pakistan Economic Corridor", Khalid al-Falih told reporters at the Indian Ocean port.

Saudi Arabia plans to set up a US$10 billion oil refinery at Pakistan's deep water port of Gwadar, which is being developed with the help of China, the Saudi energy minister said on Saturday.

"The state of art oil refinery in Gwadar will be launched with the Saudi investment", said Petroleum Minister Khan.

Ya está a la venta Catherine Classic para PC en Steam
Catherine Classic no eso un juego muy exigente, estamos hablando de un título que salió hace años en PS3 y Xbox 360. Este será una versión extendida del juego original.

Poland arrests Huawei exec on spying allegations
The US has warned for nearly a year that Huawei, a Chinese tech giant, might be partnering with Beijing's intelligence agencies. In this January 9 photo, a security guard stands near the Huawei company logo during a new product launching event in Beijing.

Lexus LC Convertible Concept is likely headed for production
Power is expected to be the same as the regular production LC, which uses a 5.0-liter V8 to make 471 horsepower. The LC wouldn't be the first convertible to lose its elegance as soon as it raised the lid.

The Pak Arab Refinery (Parco), a joint venture between Pakistan and Abu Dhabi, is also working on Khalifa refinery project with a total refining capacity of 250,000 barrels per day. At present, Parco is the largest refinery in Pakistan that has a refining capacity of 100,000 barrels per day. At present, the total refining capacity of Pakistan is around 300,000 barrels per day.

The Saudi Minister said mutual cooperation of Pakistan, China and Saudi Arabia on Gwadar Port, which is located in an important region, as exemplary.

Annual demand for petroleum products has been forecasted be 50 million tons in 2030 calculated at the GDP growth of 5% because of the rising demand for oil due to CPEC activities. In 2029-30, the deficit of petrol and high speed diesel has been estimated to grow to 14 million tons per annum (MTA) and 16 MTA, respectively against the current deficits of 5 MTA and 4 MTA, respectively. "The project will be the biggest investment by Saudi Arabia in Pakistan". Islamabad wants Riyadh to invest in mineral sector projects like Reko Diq, oil storages in Gwadar and oil pipeline projects in Pakistan. The minister added that Saudi Arabia would also invest in other sectors. Last year, Saudi Arabia offered Pakistan a $6 billion package that included help to finance crude imports.

Recommended News

  • 'Saw' writers to bring back 'Final Destination' franchise

    'Saw' writers to bring back 'Final Destination' franchise

    The next film featuring Melton and Dunstan's script will be CBS Films' Scary Stories to Tell in the Dark . Throughout 2011, the franchise continued with four more films, grossing nearly $700 million.
    Lopez proud of Levante win against under-strength Barcelona

    Lopez proud of Levante win against under-strength Barcelona

    Barcelona found themselves a goal behind after just four minutes with Erick Cabaco rising to head home past Jasper Cilessen. Barcelona's Philippe Coutinho will be given a chance to show his worth against Levante this evening in the Copa del Rey .
    This AI Approach More Accurate Than Doctors at Detecting Cervical Cancer

    This AI Approach More Accurate Than Doctors at Detecting Cervical Cancer

    It develops slowly, starting as a precancerous condition known as dysplasia that, if left untreated, may lead to cancer. Furthermore, advancements in technology also plays an important role in boosting growth of the colposcope market.
  • Priefer leaves Vikings; Joins Cleveland Browns as special teams coach

    Priefer leaves Vikings; Joins Cleveland Browns as special teams coach

    I'm grateful for the opportunity and responsibility Dee and Jimmy Haslam have granted me. "I think this is the direction". Kitchens had fun with the comment and got the room laughing. "We saw firsthand what Freddie is able to do".
    Prosecutors indict Ghosn on two new charges

    Prosecutors indict Ghosn on two new charges

    Nissan Chief Executive Hiroto Saikawa has denounced Ghosn, accusing him of using the company's money and assets for personal gain. Renault, which is the biggest shareholder in Nissan, has refrained from removing Ghosn, instead appointing interim replacements.
    Shubman, Vijay to replace Hardik, Rahul

    Shubman, Vijay to replace Hardik, Rahul

    Gill's stunning numbers made him an instant hit in the IPL auction where he was picked up by Kolkata Knight Riders for 1.89 crore. I would like to try and emulate him. "Definitely not going to dampen anything that we've achieved", he said.
  • Myanmar court rejects jailed Reuters reporters' appeal

    Myanmar court rejects jailed Reuters reporters' appeal

    The journalists were working on an investigation into the killing of 10 Rohingya Muslim men and boys in a village in the state. Judge Aung Naing said in his ruling that lawyers for the men failed to submit enough evidence to prove their innocence.
    Lexar Launches a 1TB SD Card for $500

    Lexar Launches a 1TB SD Card for $500

    This is quite a huge leap considering Lexar had announced their first 1GB SD card about 15 years ago. At Photokina 2016, SanDisk announced the world's first 1TB SD card , but that never did hit shelves.
    FIFA World Cup: A tournament for everyone

    FIFA World Cup: A tournament for everyone

    There are just too many teams, too many leagues, and too many competitions to keep up-to-date with all the major events and news. You can catch the best players, you can catch those players notorious for on field antics and also off field antics.
  • Estrena su nuevo single

    Estrena su nuevo single "Dancing with a stranger" — Sam Smith

    También es un momento tan bonito para mí, ya que soy un gran admirador de Normani y todo lo que ella es. Sintetiza todo lo que sentía mientras lidiaba con mi vida personal estando en la carretera.
    Tamilrockers leaks The Accidental Prime Minister full movie leaked online to download

    Tamilrockers leaks The Accidental Prime Minister full movie leaked online to download

    Anupam Kher a very natural actor just wow and @AkshayeOfficial he is awesome Superb movie hats off to the entire cast . The Congress workers forced the management not to screen the movie.
    Mercedes-Benz debuta su nuevo CLA en CES 2019

    Mercedes-Benz debuta su nuevo CLA en CES 2019

    En esta ocasión, la llegada del nuevo CLA traerá consigo una evolución del sistema MBUX , además de otros adelantos tecnológicos. La unidad que se mostró en Las Vegas es versión 250, con motor de 4 cilindros, 2,0 litros y 225 CV de potencia.

Nos complace proporcionar esta oportunidad para compartir información, experiencias y observaciones sobre lo que está en las noticias.
Algunos de los comentarios pueden ser reimpresos en otra parte del sitio o en el periódico.
Gracias por tomarse el tiempo para ofrecer sus pensamientos.