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  • Which country is planning a $2 billion oil refinery near Gwadar?
  • A $2 billion oil refinery is planned to be set up near Gwadar. The port is being developed by the China Overseas Port Holding Company (COPHC), to which it was leased by the Pakistan government for 40 years in April 2017. The final expansion of the port and ancillary systems will be undertaken by the Chinese.
  • Will Saudi Arabia build Pakistan's largest oil refinery?
  • (Representational Photo/File) Four Pakistani state-owned petroleum companies have signed a memorandum of understanding with Saudi Arabia to build Pakistan’s largest oil refinery with an investment of USD 10 billion in the strategic Gwadar Port, according to a media report on Friday.
  • Is Sharif planning a greenfield refinery project at Gwadar Port?
  • The government headed by Prime Minister Shehbaz Sharif is reportedly in the advanced stages of negotiations with Saudi giant Aramco to execute the greenfield refinery project at the strategic Gwadar Port and wants to complete the initial paperwork before its tenure ends in two weeks.
  • What is ESGL doing in Gwadar?
  • Later ESGL will upgrade it with annual oil processing capacity of 8 million tons in Gwadar. Other important projects include the construction of a $4.5 billion oil refinery, the dredging of Gwadar port to accommodate large vessels, and the construction of shipyard project to enhance the shipbuilding industry.
  • When will Gwadar de-salination plant be fully operational?
  • One of the most significant projects is the 1.2 Million Gallon Per Day (MGD) de-salination plant, expected to be fully operational by April 2023. This plant will provide a reliable source of clean drinking water to the residents of Gwadar.
  • Why did Pakistan decide on a joint venture with Saudi oil companies?
  • Minister for State Musadiq Malik, who witnessed the MOU signing ceremony, said the Saudi oil firm showed a willingness to inject the entire equity into the multibillion-dollar refinery project, leading the Pakistani government to decide on a joint venture with key SOEs, the report added.