Talks with Saudi Arabia on $8bn Gwadar refinery in final stages
Abdul Razak Dawood with members of Saudi delegation in Islamabad.
Jeddah - Arab Today
Dawn report by Khaleeq Kiani states that Saudi Arabia on Wednesday agreed in principle to set up a major refinery at Gwadar and showed serious commitment to make investments in other areas of energy sector, according to federal Minister for Petroleum Ghulam Sarwar Khan. The minister told journalists that the two sides had agreed to set up an oil refinery at Gwadar and a summary would be moved to the federal cabinet on Thursday (today) for approval to sign a memorandum of understanding (MoU).
From: Arabnews
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