SAUDIS, PAKISTAN INVESTMENT: $6 BLN
ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan's largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.
"Saudis have shown an interest in coming into the project, if we require more equity for an even larger, scaled-up project — from 250,000 barrels to 400,000," Sher Afghan Khan, spokesman for the Ministry of Energy (petroleum division) and board member of Pak-Arab Refinery Limited (PARCO), told Arab News on Sunday.
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