ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
Saudi Arabia to invest in oil refinery in Gwadar
News:
- Saudi Arabia agrees to invest in new oil refinery in Pakistan’s port of Gwadar
Important Facts:
- Saudi Arabia will invest in a new oil refinery in Pakistan’s Gwadar Port.
- About Gwadar port
- Gwadar is part of Pakistan’s mineral rich southwestern Baluchistan province.
- It is being developed as part of the $60 billion China-Pakistan Economic Corridor (CPEC)
- It is a part of China’s ambitious plan Belt and Road initiative (BRI) to build energy and transport links, connecting the western Chinese region of Xinjiang with the Arabian Sea via Pakistan.
