Pakistan invites Saudi investment in oil storage, refinery upgrade
Pakistan and Saudi Arabia have agreed to deepen collaboration on oil storage, refinery modernization and energy security, as Islamabad invited Saudi firms to build commercial crude storage in the country under a newly cleared bonded storage policy th
October 30, 2026 (MLN): Pakistan and Saudi Arabia have agreed to deepen collaboration on oil storage, refinery modernization and energy security, as Islamabad invited Saudi firms to build commercial crude storage in the country under a newly cleared bonded storage policy that carries no tax burden. Petroleum Minister Ali Pervaiz Malik put the proposal to Saudi Ambassador Dr Nawaf bin Said Al-Malki during a meeting o...