China to develop 'oil city' in Gwadar containing many refineries 1337 1412 PakRealEstateTimes.Com

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China to develop 'oil city' in Gwadar containing many refineries

10-06-2008, 08:41 AM

Post: #1

Naveed Yaseen
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China to develop 'oil city' in Gwadar containing many refineries

... a senior official in the Petroleum Ministry told Daily Times.
...
He added China would develop an ‘oil city’ in Gwadar and many oil refineries would be set up, resulting in huge investment as well as enhancing Pakistan’s oil storage capacity. He said a railway track would be laid from Gwadar to China to provide transportation to Chinese investors.

He said that with the sustained inflow of investment, Pakistan would be able to execute projects worth billions of dollars and utilise the Gwadar Port’s key location to best advantage.
...

http://www.dailytimes.com.pk/default.asp...2008_pg1_9

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