ISLAMABAD – A high-level Saudi delegation to sign five importantMemorandums of Understanding (MoUs) with the Pakistan government.
The main aim of the meeting with delegation is to discuss the prospect ofsetting up oil refineries in Gwadar and to sign an agreement to sellpetroleum products to Pakistan on deferred payments.
Pakistan and Saudi delegation will sign a MoU to make investments in theBalochistan Reko Diq gold and copper mines and to privatise two LiquefiedNatural Gas (LNG) power plants.
The Saudi delegation will also visit the Gwadar port and Reko Diq project.
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Information Minister Fawad Chaudhry informed that the Saudi delegation willinclude petroleum ministers as well as the Saudi finance minister and theenergy minister.
