{"id":90885,"date":"2022-12-22T17:16:52","date_gmt":"2022-12-22T12:16:52","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=90885"},"modified":"2022-12-22T17:16:54","modified_gmt":"2022-12-22T12:16:54","slug":"delegation-visit-oil-refinery-gwadar","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/delegation-visit-oil-refinery-gwadar.html","title":{"rendered":"Chinese delegation visits site marked for setting up Gwadar Oil Refinery"},"content":{"rendered":"\n

Islamabad: A five-member delegation of Chinese Company \u2013 East Sea Group Limited (ESGL) \u2013 is visiting Gwadar to materialise the USD 4.5 billion oil refinery project in the port city, according to news published on December 21.<\/p>\n\n\n\n

Read: <\/strong>Gwadar to get its first Central Business District<\/a><\/p>\n\n\n\n

As per the details, the chief engineer of ESGL along with other officials of the company will be in Gwadar from December 20. The delegation includes a technical team with petroleum, marine engineering, and commercial background and will be headed by ESGL General Manager Fang Haixia. It was mentioned that the delegation will stay there for three or four days to regulate conceptual and practical frameworks.<\/p>\n\n\n\n

Moreover, the delegation will hold meetings with the leadership of China Overseas Ports Holding Company and Gwadar Port Authority (GPA) to review the proposed site for the setup of the oil refinery in Gwadar Free Zone Phase-II.<\/p>\n\n\n\n

The news source revealed that the oil refinery project<\/a> will be constructed in two phases. The first phase will have an annual refining capacity of five million tons. East Sea Group will place at least six crude oil transhipment vessels totalling two million tons, every month, at Gwadar Port. It was stated that the company will start and support its own oil source business. Also, the company will provide transhipment services for major Middle East oil-producing countries.<\/p>\n\n\n\n

Read: <\/strong>Barrick Gold to invest in Gwadar mineral exports<\/a><\/p>\n\n\n\n

According to the Ministry of Energy (Petroleum Division), the refinery will provide a substantial storage capacity to Pakistan, allowing it to maintain reserves for a longer period and save foreign exchange.<\/p>\n\n\n\n

Once the multi-billion-dollar project is completed, it will bring further investment in the petrochemical industry in Gwadar. After the approval of the government, the concerned institutions are gearing up for a detailed business plan and feasibility study for further processing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: A five-member delegation of Chinese Company \u2013 East Sea Group Limited (ESGL) \u2013 is visiting Gwadar to materialise the USD 4.5 billion oil refinery project in the port city, according to news published on December 21. Read: Gwadar to get its first Central Business District As per the details, the chief engineer of ESGL along with other officials of the company will be in Gwadar from December 20. The delegation includes a technical team with petroleum, marine engineering, and commercial background and will be headed by ESGL General Manager Fang Haixia. It was mentioned that the delegation will stay there for three or four days to regulate conceptual and practical frameworks. Moreover, the delegation will hold meetings with the leadership of China Overseas Ports Holding Company and Gwadar Port Authority (GPA) to review the proposed site for the setup of the oil refinery in Gwadar Free Zone Phase-II. The news source revealed that the oil refinery project will be constructed in two phases. The first phase will have an annual refining capacity of five million tons. East Sea Group will place at least six crude oil transhipment vessels totalling two million tons, every month, at Gwadar Port. It was…<\/p>\n","protected":false},"author":83,"featured_media":64402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[55564],"persona":[],"class_list":{"0":"post-90885","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-chinese-delegation-visits-site-marked-for-setting-up-gwadar-oil-refinery","9":"cat-15020-id"},"acf":[],"yoast_head":"\nDelegation visits site marked for setting up Oil Refinery- Zameen News<\/title>\n<meta name=\"description\" content=\"Chinese delagation visited and reviewed the proposed site for the setup of the oil refinery in Gwadar. 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