A step ahead in economy. Four Pakistani oil companies sign agreement with Aramco

Four Pakistani state-owned petroleum companies signed on Thursday a memorandum of understanding (MoU) to facilitate $10 billion Saudi investment in a new oil refinery at Gwadar, Balochistan with a production capacity of 300,000 barrels per day – the first in more than a decade and the largest in the country.The state-owned Oil and Gas Development Company Ltd (OGDCL), Pakistan State Oil (PSO), Pakistan Petroleum Ltd (PPL), and Government Holdings Private Ltd (GHPL) signed the MoU with Aramco