October 4, 2018 / 12:33 PM / 2 months ago

Saudi Aramco agrees to invest in Pakistan's new oil refinery: Al-Arabiya TV

FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia May 23, 2018. REUTERS/Ahmed Jadallah/File Photo

DUBAI (Reuters) - Saudi Aramco has agreed in principle to invest in an oil refinery in Pakistan, the Saudi-owned Al Arabiya television said on Thursday, without providing further details.

State-owned Pakistan State Oil will partner with Saudi state oil giant Aramco in a new oil refinery in Pakistan’s Chinese-funded deep-water port of Gwadar, Petroleum Minister Ghulam Sarwar Khan told reporters earlier in Islamabad.

Reporting by Asma Al Sharif ; writing by Rania El Gamal; editing by Emelia Sithole-Matarise

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