Plans for $10b Aramco refinery in Pakistani ‘oil city’ by year-end

1041
Gwadar

A masterplan for Pakistan’s largest oil city, including a $10 billion Aramco oil refinery project, is underway and expected to be ready before the end of the year, Pakistani officials said this week.

The proposed mega oil city will be developed on 88,000 acres of land in the Gwadar district of the southwestern Balochistan province to refine and process petroleum products mainly imported from the Gulf region, for local and regional consumption.

“The planning for the mega oil city which will host an Aramco refinery and petrochemical complex is in progress, and we will take six to seven months to complete the masterplan,” Shahzeb Khan Kakar, director general of Gwadar Development Authority (GDA), told Arab News.

During a 2019 visit by Saudi Crown Prince Mohammed bin Salman, Saudi Arabia and Pakistan signed seven investment deals worth $21 billion.

The deals covered mineral, energy, petrochemical and food and agriculture projects, and involved players such as Aramco, Acwa Power and the Saudi Fund for Pakistan. —AN

Previous articleIRSA releases 118,000 cusecs water
Next articleCPEC projects bring electricity to Pakistan, train professionals