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Pakistan anticipates $10bn refinery agreement with Saudi Arabia in 2023

KSA might also procure stakes in $7 billion Reko Diq project via feasible transaction model, says official

Reko diqSaudi arabiaSaudi wealth fundKarachi port trustInvestment facilitation councilSpecial investment facilitation councilGreenfield refinery policyInter governmental commercial transactionsGeneral cargo terminal

Conditions for $10b refinery project met

MoU with Chinese firm for EPC contract signed, 70% equity raised via SOEs to meet conditions

Schwedt oderSaudi arabiaUnited arab emiratesMusadik masood malikR muhammad mahmoodPakistan petroleum limitedGulf cooperation councilPetroleum divisionGas development company limitedPakistan state oilGovernment holdings private limitedGreenfield refinery projectMuhammad mahmoodGreenfield refinery policyFinal investment decision

Pakistani firms sign MoU to collaborate on $10bn refinery project

ISLAMABAD: Pakistan is currently in an advanced stage of negotiations with Saudi Arabia to establish a refinery in Balochistan, capable of processing 0.3 million barrels per day, according to State.

Saudi arabiaAbu dhabiAbuz abyUnited arab emiratesMusadiq malikPakistan petroleum limitedPak arab refinery company parcoAbu dhabi national oil companyPakistan state oilMinistry of energyGas development company limitedPetroleum captainr muhammad mahmoodPetroleum divisionGovernment holdings private limitedSaudi aramcoState minister

Pakistan oil companies sign MoU to collaborate with Saudi Aramco on $10bn refinery - Markets

Project will have significant foreign investment from energy giants through equity participation

Saudi arabiaShehbaz sharifGas development company limitedPetroleum divisionPetroleum musadik masood malikPakistan state oilGovernment holdings private limitedPakistan petroleum limitedSaudi aramcoPakistan stock exchangePetroleum captain muhammad mahmoodGwadar portGreenfield refinery policyPrime minister shehbaz sharifGreenfield refineryMusadak malik

Pakistan oil companies sign MoU to collaborate with Saudi Aramco on $10bn refinery

Greenfield Refinery envisions setting up an integrated refinery petrochemical complex with crude oil processing capacity of minimum 300,000 BPD

Saudi arabiaMuhammad mahmoodPetroluem masadik malikPakistan state oilPetroleum divisionPetroleum sectorSaudi aramcoGovernment holdings private limitedGas development company limitedPakistan petroleum limitedGreenfield refinerySecretary captainGreenfield refinery policy

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