Pakistan Anticipates a $10bn Oil Refinery Agreement with Saudi Arabia
Pakistan is anticipating a $10 billion agreement with Saudi Arabia for the construction of a new oil refinery in the country. However, the agreement is expected to be signed in the coming weeks.
Good news for Pakistan! They're getting closer to sealing a big $10 billion deal with Saudi Arabia top oil company, Aramco. This deal is about building a big factory in a place called Hub. It looks like everything might be finalized by the end of this year between Pakistan and Saudi Arabia.
Also, there's a group in Pakistan, called the Special Investment Facilitation Council (SIFC), which has folks from the army and regular government working together. They're trying to get about $7 billion from Saudi Arabia. In return, Saudi Arabia might get some shares in a project called Reko Diq.
The ...