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October 19, 2019
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Saudi energy minister due in Gwadar tomorrow to sign MoU for oil refinery

ISLAMABAD: Saudi Minister for Energy, Industry and Mineral Resources Khalid bin Abdulaziz Al-Falih will arrive in Gwadar tomorrow in connection with the Amarco’s proposed oil refinery to be set up in the port city.

Sources in Petroleum Division said that the minister will arrive in the port city of Balochistan on Saturday. During his visit, Pakistan and the Kingdom will sign the MoU for setting up an oil refinery in the port city by the Saudi oil giant.

During the visit, It is expected that the representatives of Islamabad and Riyadh would sign additional MoUs pertaining to the bilateral cooperation in the mineral resources.

In addition to this, Saudi Arabia will also be invited to make investments in Balochistan’s Reko Diq Mine project that deals in gold and copper.

Al-Falih is also the current chairperson of Maaden, a Saudi Arabian mining company and former chairperson of the Saudi oil giant, Aramco.

Petroleum Minister Ghulam Sarwar Khan is in Quetta to welcome the Saudi delegation.