ISLAMABAD: Saudi Arabia has reportedly linked establishment of billions of dollars oil refinery in Pakistan with political consensus, cabinet approval and stringent conditions proposed by M/s Aramco, well informed sources in Petroleum Division told Republic policy.
In a follow up to the visit of Minister of State (MoS) for Petroleum, Musadik Malik to Saudi Arabia, Pakistan Embassy is working closely with the relevant Saudi authorities to build on the understandings reached during the visit.
In this regard, Pakistan ambassador has suggested the following roadmap: on the oil refinery project, as undertaken by the MoS, GoP should pursue a favourable decision of the Cabinet in support of the terms and conditions proposed by Aramco. Once decision is made, Pakistan should convey it to the Saudi authorities in writing.
The Saudi Minister of Investment had suggested that in order to develop across the board political consensus and ownership of the oil refinery project the matter may also be tabled before the Parliament.
