Saudi Arabia to set up $10 billion oil refinery in Pakistan

Saudi Arabia plans to set up a $10 billion (over ₹70,000 crore) oil refinery in Pakistan's port of Gwadar, Saudi Energy Minister Khalid al-Falih has said. Saudi wants to make Pakistan's economic development stable through establishing the refinery and partnership with Pakistan in the China Pakistan Economic Corridor, he added. Gwadar port is being developed with the help of China.