high profitspecification saudi crude oil in pakistan

                                               
                                               
                                               
                                               
                                               
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  • Will Saudi Arabia build Pakistan's largest oil refinery?
  • Islamabad: Four Pakistani state-owned petroleum companies have signed a memorandum of understanding with Saudi Arabia to build Pakistan's largest oil refinery with an investment of USD 10 billion in the strategic Gwadar Port, according to a media report on Friday.
  • Why did Pakistan decide on a joint venture with Saudi oil companies?
  • Minister for State Musadiq Malik, who witnessed the MOU signing ceremony, said the Saudi oil firm showed a willingness to inject the entire equity into the multibillion-dollar refinery project, leading the Pakistani government to decide on a joint venture with key SOEs, the report added.
  • What is Saudi Aramco's $10 billion oil deal?
  • After months of delay and negotiations, the Saudi investment gets confirmed. But what is the deal? The biggest Oil and Gas company of the world and Saudi Arabia¡¯s publicly owned oil company, Saudi Aramco has signed an MoU for the investment of $10 billion, to set up a refinery (Greenfields refinery) in the deep sea port of Gwadar.
  • Who will join Saudi Arabia's oil & gas project?
  • The state-owned Oil and Gas Development Company Ltd (OGDCL), Pakistan State Oil (PSO), Pakistan Petroleum Ltd (PPL), and Government Holdings Private Ltd (GHPL) signed the MoU to join hands with the Saudi firm. The four SOEs would join the project through equity participation.
  • How much crude oil does Pakistan produce per year?
  • Moreover, Pakistan¡¯s demand for refined crude oil is expected to cross 33 million tonnes per annum by 2023. Compared to that Pakistan is capable of producing only 20 million tonnes, out of which it only manages to produce 11 million per annum on average, which is the refineries¡¯ utilization capacity.
  • Does Pakistan support Saudi investment in refining?
  • To facilitate Saudi investment in refining, the Pakistan government has recently passed a new policy. Image used for representation.