(MENAFN) Saudi Arabia was unveiled to have set out a target to establish an oil refinery in Gwadar, a southwestern strategic port city in Pakistan.
The decision was explained to have been taken only days following a call Riyadh received from Islamabad to take part in the USD64 billion China-Pakistan Economic Corridor (CPEC).
The news has been announced by head of Gwadar Port Authority (GPA), Mir Dosteen Khan Jamaldini during an interview with Anadolu Agency.
Jamaldini stated: "the Saudi government plans to build a large oil refinery in Gwadar, which will help Pakistan meet its petroleum-related requirements."
The planned oil refinery is expected to turn into the third most major refinery across the globe, as reported Dawn News citing officials.
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