ISLAMABAD – The Saudi minister for energy Khalid bin Abdul Aziz said thathis country wanted to contribute to Pakistan’s economic development throughestablishing an oil refinery and partnership in the CPEC.
He said that Saudi Arabia was also interested in investing in other sectors.
Referring to the proposed oil refinery, Mr Abdul Aziz said that it wouldprove to be a landmark development for the entire region as a centre pointfor changes in purchase, import and export of oil.
He said that the Saudi government would complete installation of the oilrefinery in minimum time.
The Saudi minister said that Pakistan and his country enjoyed cordialeconomic, social and deep-rooted friendly relations since a long time.Saudi Arabia had always provided financial and economic help to Pakistanand would continue to do so in future.
He said that he was visiting Gwadar on the instruction of the Saudi king.
Ghulam Sarwar Khan welcomed the Saudi delegation and appreciated theefforts Saudi Arabia was making to contribute to economic development ofPakistan. He termed the Saudi delegation’s visit to Gwadar a significantevent.
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The petroleum minister said that the federal cabinet had already approvedthe Saudi government’s plan for establishing an oil refinery in Gwadar.With the setting up of the oil refinery, Saudi Arab would become animportant partner in the CPEC, he added.
He said that the project would not only prove a milestone in thedevelopment of Pakistan but also write a new history of prosperity andeconomic development in the entire region.
The minister for maritime affairs suggested that Saudi Arabia should alsoinvest in the agriculture sector.
Earlier, Gwadar Port Authority Chairman Dostain Jamaldini, GwadarDevelopment Authority Chairman Dr Sajjad Baloch and China Overseas PortHolding Company Chairman Zhang Baozong briefed the Saudi delegation aboutthe CPEC and the development projects launched in Gwadar.
