4 Pakistani oil companies collaborate with Saudi Aramco for $10bn Greenfield Refinery Project

In a historic collaboration, four leading Pakistani state-owned companies would join hands for Greenfield Refinery project at the strategic Gwadar Port in Pakistan.

The Memorandum of Understanding (MoU) signing ceremony took place at the head office of Oil and Gas Development Company Limited (OGDCL) on Thursday, a news release said.

The Pakistani state-owned entities, Oil and Gas Development Company Limited (OGDCL), Pakistan State Oil (PSO), Pakistan Petroleum Limited (PPL), and Government Holdings Private Limited (GHPL), will collaborate through a joint investment strategy. The project will have significant foreign investment from world-class oil and gas giants through equity participation.