Four Pakistani state-owned petroleum companies - OGDCL, PSO, PPL, and GHPL - have signed a MoU with Saudi Arabia to construct Pakistan's largest oil refinery, investing $10 billion in Gwadar Port. The refinery will have a 300,000 barrels per day capacity. The move aims to facilitate Saudi investment in Pakistan, with the state-owned enterprises participating through equity.

Saudi Arabia invests USD 10 billion to build Pakistan’s largest oil refinery

Posted On: August 28, 2023

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Four Pakistani state-owned petroleum companies – OGDCL, PSO, PPL, and GHPL – have signed a MoU with Saudi Arabia to construct Pakistan’s largest oil refinery, investing $10 billion in Gwadar Port. The refinery will have a 300,000 barrels per day capacity. The move aims to facilitate Saudi investment in Pakistan, with the state-owned enterprises participating through equity.

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Saudi Arabia invests USD 10 billion to build Pakistan’s largest oil refinery

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