Pakistan, KSA set to ink Aramco oil refinery deal

[JohnWick]

I see someone is getting jealous lol.

Yes our Saudi allies will help us.
Now bug of!

You got him bro

Stop trolling. You get angry whenever you see Pakistan developing.

His internal parasite activates by this!

 

[MultaniGuy]

So this is true. It is also on the Arab News as well.

Pakistan, KSA set to ink multi-billion dollar Aramco oil refinery deal

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A 15-member Saudi delegation visited Gwadar the port city in Balochistan as part of the finalization process of MoU for the Aramco oil refinery. (Photo courtesy: Saudi Embassy in Islamabad)

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Pakistani authorities expect to sign a number of investment deals including the construction of mega oil refinery during the upcoming visit of Saudi crown prince to Pakistan. (Photo courtesy: Saudi Embassy in Islamabad)

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Pakistani authorities are briefing visiting delegation of Saudi Arabia at Gwadar, Balochistan. (Photo courtesy: Board of Investment)

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Pakistani authorities are briefing visiting delegation of Saudi Arabia at Gwadar, Balochistan. (Photo courtesy: Board of Investment)
Updated 03 January 2019
Khurshid Ahmed
January 03, 2019 14:53

• MoU for construction of mega oil refinery will be inked in February, says information minister
• Pakistan expects $15 billion investment from Saudi Arabia in the next 3 years

KARACHI: Pakistan and the Kingdom of Saudi Arabia have finalized the Memorandum of Understand (MoU) for the construction of multi-billion dollar Saudi Aramco oil refinery in Gwadar deep seaport city, located in Balochistan province, officials said on Thursday.
Pakistan is expecting to sign a number of investment deals including the construction of mega oil refinery in the month of February in the presence of a high-level Saudi delegation, confirmed Information Minister Fawad Chaudhry.
“The oil refinery project is the biggest investment project of Saudi Arabia in Pakistan,” he added.
Pakistan and Saudi Arabia have lately expressed renewed interest in enhancing bilateral strategic and trade engagements while the Kingdom also pledged $3 billion in a financial assistant to help Pakistan out of its economic woes.
“A 15-member delegation of Saudi Arabia visited Gwadar from Karachi as part of the finalization process of the MoU for Aramco oil refinery,” Haroon Sharif, Minister of State and Chairman of Pakistan Board of Investment (BoI), told Arab News.
“We have finalized the MoU for the construction of Aramco oil refinery,” Sharif said adding that “overall directions have been agreed upon and the agreement will be signed at an ‘appropriate time’.”
Pakistani authorities expect $15 billion investment from Saudi Arabia after Prime minister Imran Khan chose the Kingdom for his maiden visit and consequently made two official visits.
Earlier, the BoI chief had said that “We are going to sign MoUs with Saudi Aramco and Acwa Power within few weeks. Saudi Aramco is going to set up oil refinery and petrochemical complex in Pakistan while Acwa Power will invest in Pakistan renewable energy sector”, Sharif informed.
As part of the investment plan, the Saudi Aramco will construct petrochemical complex housing multi-billion dollar oil refinery.
“I am expecting around $15 billion investment from Saudi Arabia in the next 3 years. The inflow of investment for oil refinery and petrochemical complex in Pakistan is estimated to be between $6 billion to $10 billion,” BoI Chairman told Arab News.
Pakistan hopes to attract more than $40 billion in Foreign Direct Investment (FDI) during the next five years. “We estimate that roughly around $40 billion investment will be made by these three countries (Saudi Arabia, UAE, and China) in the next three to five years,” Sharif had told Arab New during his recent interview.
During the recent visit of the Saudi delegation to Gwadar, the Chairman of Gwadar Port Authority, Dostain Khan Jamaldini, on Wednesday gave a briefing about the current developments including the port, progress on China-Pakistan Economic Corridor (CPEC) and Gwadar Master Plan.

http://www.arabnews.pk/node/1429826/pakistan

On the Pakistan edition of the Arab News.

@Dubious, this @SunilM always says bad things about Pakistan, or gets angry whenever he sees Pakistan develop.

You should give him a warning.

 

[SunilM]

Stop trolling. You get angry whenever you see Pakistan developing.

Haha,naah.... just concerned after the BCCI case. Again MOU = Memorandum of Understanding and Cannot be considered a final contact. Hence a worthless piece of paper.

 

[MultaniGuy]

Haha,naah.... just concerned after the BCCI case. Again MOU = Memorandum of Understanding and Cannot be considered a final contact. Hence a worthless piece of paper.

It is the first stage of a final contract.

Anyways your opinion is irrelevant. Let us Pakistanis handle this matter.

 

[SunilM]

It is the first stage of a final contract.

Anyways your opinion is irrelevant. Let us Pakistanis handle this matter.

Its not a contract. You can write anything on the piece of paper and it would not matter at all. The article itself acknowledges it. Unfortunately, instead of debating a mod @ dubious want to ban users. God ahead, do your thing.

 

[GeraltofRivia]

My concern is how we able to between KSA,Turkey and Iran will be difficult but possible

I suppose just be like China, forge economical relationships with everyone and stay neutral to others’ fight. The most urgent task is industrialization and uplifting people’s living standard.

 

[MultaniGuy]

Its not a contract. You can write anything on the piece of paper and it would not matter at all. The article itself acknowledges it. Unfortunately, instead of debating a mod @ dubious want to ban users. God ahead, do your thing.

Go google Memorandum of Understanding and it says it is the first stage of the formation of a formal contract.

 

[SunilM]

If you have nothing else to contribute except showing some flame of jealousy ...Kindly burn faster...We dont got all day!

And mind you have seen the monkey in you cheering at our misfortune and downplaying ANY advancement that happens...

Not that we care but since you are a member and it is starting to become rather annoying....So kindly mind it!

The warning was for this very reason!

If you have nothing to add on or discuss, you dont need to invite yourself to the thread...It may work on Indian forums but this isnt an Indian forum...We have rules...and they do not involve monkeying about another country! Almost everyone is well aware of your obsession with TITLES related to showing Pakistan negative...THAT mind you is good if you are there to discuss but if you just want to do it for satisfaction or internal inferiority complex (yes that is what happens when you feel inferior you try to show the other below you to feel better)...then that is trolling!

haha, yeah, do your thing. I had a valid point. It wont change the fact that a MOU is being executed which is not worth the piece of paper its written on..

 

[MultaniGuy]

haha, yeah, do your thing. I had a valid point. It wont change the fact that a MOU is being executed which is not worth the piece of paper its written on..

Wow are you that difficult to deal with.

This is what google says on Memorandum of Understanding.

Memorandum of Understanding is often the first stage in the formation of a formal contract.

 

[Dubious]

haha, yeah, do your thing. I had a valid point. It wont change the fact that a MOU is being executed which is not worth the piece of paper its written on..

A memorandum of understanding (MOU or MoU) is a formal agreement between two or more parties. Companies and organizations can use MOUs to establish official partnerships.
MOUs are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen's agreement.

Being happy about a mutual respect is not something to burn about now, is it?

I had a valid point.

Your only point is...Pakistanis dont be happy...Apart from that there is no point in pointing out what an MOU is or not!

To make you feel happy with your -1 :

Mou is Memorandum of Understanding, it is just a document or a mean for two parties to reach a decision. Its a first stage of formation of Final Formalcontract/Agreement. Agreement is any document which is enforceable by Law. You can have substantial rights in Agreement and not in MoU.

Does it make a difference? No....coz MOU means we have reached a decision! And we are happy about it...Cheer up!

I had a valid point.

Otherwise please point out what other reasons compels you to be upset about an MOU?

Please do elaborate, I may reverse your rating if you can convince me...you are given a 2nd chance to project your "point" of saying xyz on this thread!

 

[SunilM]

MOUs are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen's agreement.

As I was saying, without it being legally binding, its not worth the piece of paper its written on. The Saudi's are playing you here cause they need to announce something when their Journalist killer prince Visits you in Feb, 2019.

P.s. The response is not for you to change your mind but for me to put forward my views.

 

[El Sidd]

haha, yeah, do your thing. I had a valid point. It wont change the fact that a MOU is being executed which is not worth the piece of paper its written on..

Its written in oil not piece of Paper.

 

[Dubious]

As I was saying, without it being legally binding, its not worth the piece of paper its written on. The Saudi's are playing you here cause they need to announce something when their Journalist killer prince Visits you in Feb, 2019.

P.s. The response is not for you to change your mind but for me to put forward my views.

No one is saying it is legal binding we are just happy a decision has been made...It can kick us later but we are a happy people we live the moment

 

[Hakikat ve Hikmet]

The only people who don't know about this is us Pakistanis..

And, ex-Pakistanis in BD...

Not respecting and knowing the value of Pak = Turning into Termites under India

 

[AZ1]

Once whatever is there we able to found Whole media pmln and ppp will start calling this sazish and crap because of exxon is here US will keep eye blah blah.