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Saudi Arabia To Invest In New Oil Refinery In Pakistan's Gwadar Port City

Saudi Arabia will invest in a new oil refinery in Pakistan's growing deep sea port of Gwadar in southwestern Balochistan Province, Islamabad announced on October 4.The agreement follows a visit last month by Pakistan's new Prime Minister Imran Khan to the Gulf kingdom as he seeks to attract foreign investment.A visiting Saudi delegation "showed an interest to immediately invest in the refinery," Pakistani Petroleum Minister Ghulam Sarwar Khan said. "This has been agreed from both sides."The agreement is set to be signed between Pakistan State Oil company and Riyadh's state oil giant Saudi Aramco.

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