Talks with Saudi Arabia underway to invest $4 bln in solar energy in Balochistan: Omar

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ISLAMABAD, June 10 (APP):Minister for Power and Petroleum Omar Ayub Khan Monday said the $5 billion Khalifa Point oil refinery with potential of producing of 250,000 barrels oil per day would hit the ground in collaboration with Saudi Arabia by the end of current fiscal year.

Speaking at the launching ceremony of Economic Survey (2018-19) here, he said the government was also negotiating with Saudi Arabia to attract investment worth around $4 billion in solar energy in Balochistan province which would ensure provision of economical and reliable energy source to the masses.