East Sea Group

Planned oil refinery in Gwadar to open new chapter of development

Planned oil refinery in Gwadar to open new chapter of development

Gwadar, the engine room of the China-Pakistan Economic Corridor (CPEC), is set to be the recipient of a $4.5 billion oil refinery as a Chinese firm has laid down a plan to build an oil refinery with an annual processing capacity of 8 million tons. The Chinese entry came at a time when uncertainty was…