ISLAMABAD, Sep 5 (APP):Pakistan and Saudi Arabia on Thursday reviewed progress on the existing Memorandums of Understanding (MoUs) in energy sector and discussed possibilities for further expansion of mutual cooperation between the two countries in diverse fields. In a delegation level meeting here, the two sides resolved to expedite the work on different MoUs signed in February this year for setting up $10 billion oil refinery, $ 1 billion petrochemical …
Pakistan, Saudi Arabia review progress on energy MoUs
ISLAMABAD, Sep 5 (APP):Pakistan and Saudi Arabia on Thursday reviewed progress on the existing Memorandums of Understanding (MoUs) in energy sector and discussed possibilities for further expansion of mutual cooperation between the two countries in diverse fields.
In a delegation level meeting here, the two sides resolved to expedite the work on different MoUs signed in February this year for setting up $10 billion oil refinery, $ 1 billion petrochemical complex, installation of two Re-gassified Liquefied Petroleum Gas (RLNG) plants with an estimated cost of $ 4 billion and $ 2 billion investment in mineral development sector.
Minister for Energy Omar Ayub Khan led the Pakistani side, while the Saudi delegation was headed by Deputy Minister for Mining Affairs Khalid Saleh AL Modaifer and Ambassador Nawaf Saeed Bin Al Maliki.
