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Saudi Arabia signs oil agreement to supply Pakistan

February 19/2019

MOSCOW (MRC) -- Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products to secure its fuel needs, reported Reuters with reference to Saudi Energy Minister Khalid al-Falih's statement on Twitter.

Saudi Crown Prince Mohammed bin Salman arrived in Pakistan on Sunday and said Saudi Arabia has signed investment agreements worth USD20 billion during his visit to the country.

As MRC informed previously, Saudi Arabia plans to set up a USD10 billion oil refinery in Pakistans deepwater port of Gwadar, the Saudi energy minister said on 12 January 2019, speaking at the Indian Ocean port that is being developed with the help of China. He said then Crown Prince Mohammad bin Salman would visit Pakistan in February to sign the agreement. The minister added that Saudi Arabia would also invest in other sectors.
Author:Margaret Volkova
Tags:crude and gaz condensate, Pakistan, Saudi Arabia.
Category:General News
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