Pakistan, April 12 -- Saudi Arabia is expected to invest nearly $10 billion in a major oil refinery project in Gwadar, marking one of the largest potential energy investments in Pakistan. Officials said Pakistan has also decided to expand its petroleum storage capacity to support future energy demands and strengthen fuel security. The proposed project is seen as a major step toward boosting long-term cooperation between Islamabad and Riyadh in the energy sector.

Furthermore, sources in the Ministry of Petroleum confirmed that the refinery project will be developed through a partnership involving Saudi Saudi Aramco and several Pakistani state-owned companies. The investment structure is expected to include around 60 percent funding from S...