Pakistan offers sites to KSA to set up oil refinery The Kingdom of Saudi Arabia has been According to sources two locations have processing, refineries, petrochemicals and offered potential sites in Pakistan to been offered in Hub and Gwadar. It has been information technology have been identified set up a state of the art oil refinery. decided that Pakistan should offer one loca- as potential areas of investment. tion aligned with investor’s preferences. A 600-km oil pipeline connecting Gwadar to the main oil hub, Karachi, would be needed to make the Saudi investment worthwhile, and, according to the feasibility report pre- pared by Aramco, the transportation of processed oil from Gwadar would be too ex- pensive even then. Saudi Arabia is encouraging major Saudi Arabian companies to expand their business internationally and offering government help and resources through the National Companies Promotion Programme if they are not currently active abroad. In 2019, the Kingdom had announced plans for establishing a $10 billion Aramco oil refinery and petrochemical complex in the strategic port city of Gwadar, but logis- tics issues hampered the project and it could not be finalised. According to sources close to the matter it is expected that Pakistan will offer Saudi in- vestors some exceptional incentives in spe- cial economic zones in Pakistan. Agriculture, mining, renewable energy, food
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