Saudi energy minister visits Pakistan’s Gwadar oil refinery site

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Saudi Arabia’s Minister of Energy Khalid A Al-Falih is received by Pakistan Petroleum Minister Ghulam Sarwar Khan and Port and Shipping minister Ali Zaidi. (Twitter photo)
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Pakistan and Saudi officials discuss prospects of oil refinery and development of Gwadar in a meeting held in Gwadar. (Twitter photo)
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Pakistan’s minister of Port and Shipping, Syed Ali Haider Zaidi, takes selfie with Saudi minister of energy, Khalid A Al-Falih. (Photo Courtesy: BoI)
Updated 15 January 2019
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Saudi energy minister visits Pakistan’s Gwadar oil refinery site

  • Pakistan, Saudi Arabia in talks over oil refinery in Balochistan’s Gwadar district
  • MoU to be signed next month

KARACHI: Saudi Arabia’s Minister of Energy Khalid A Al-Falih on Saturday visited the port city of Gwadar to witness development work and the area allocated for a multibillion oil refinery.
Pakistan and Saudi Arabia are in talks over an agreement to install the Saudi Aramco Oil Refinery in Balochistan’s Gwadar district. 
Last year, the Saudis also offered Pakistan a $6-billion rescue package to help shore up the economy. 
The Saudi delegation was received by Pakistan petroleum minister Ghulam Sarwar Khan, port and shippings minister Syed Ali Haider Zaidi and Baluchistan information minister Zahoor Buledi.
“Pakistan and Saudi Arabia are the two sound foundations of peace and stability”, Khalid A Al-Falih, said while speaking to media in Gwadar.
Al Falih, who is also chairman of the Board of Saudi Aramco, said bilateral relations between Pakistan and Saudi Arabia are very strong and Saudia Arabai would "play its role for the development and prosperity of Pakistan."
“The Saudi delegation led by Al Falih has come to see the area allocated for the oil refinery in Gwadar. Soon a state of the art oil refinery would be set up in Gwadar”, Ghulam Sarwar said, according to a statement issued by the ministry of petroleum.
The petroleum minister said he hoped that a memorandum of understanding about the oil refinery would be signed between the two governments next month: “This would be the biggest investment of Saudi Arabia in Pakistan."
The government of Pakistan has already given approval for the MoU.
The visiting Saudi delegation was briefed by the chairman of Gwadar Development Authority, Dostain Jamaldini, about the development of the country’s deep sea port being constructed with the help of China.
Earlier, Pakistan’s Finance minister had said that Saudi Arabia’s Minister of Energy and the Chairman of the Board of Saudi Aramco, had arrived in Pakistan to meet with officials and new investments would be announced as the "next step."
Umar was speaking at the Karachi Chamber of Commerce and Industry and called the Saudi minister the "world’s most powerful minister of energy."
“In the next step, the announcement of investment will be made,” Umar said. “The bilateral support our country has received from friendly countries in last five months has never happened in our history."
Saudi Aramco will construct the petrochemical complex which will house the multibillion oil refinery. 
“Overall directions of agreement (MoU) have been agreed upon and the agreement will be signed at the appropriate time,” Haroon Sharif, Chairman of Pakistan Board of Investment, had recently told Arab News.
“I am expecting around $15 billion investment from Saudi Arabia in the next three years. The inflow of investments for the oil refinery and petrochemical complex in Pakistan is estimated to be between $6 billion to $10 billion,” Sharif said.
Pakistan is hoping to attract more than $40 billion foreign direct investment in the next five years, he said. 
“We estimate that roughly around $40 billion investment will be made by these three countries (Saudi Arabia, the UAE, and China) during the next three to five years,” Sharif added.


World Alliance of Religions for Peace elects KAICIID chief as honorary president

Updated 25 August 2019
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World Alliance of Religions for Peace elects KAICIID chief as honorary president

  • Secretary General Faisal bin Abdulrahman bin Muammar was elected in recognition of his efforts to spread the values of dialogue and tolerance
  • The Alliance consists of a World Council of Senior Religious Leaders from all regions of the world

RIYADH: The World Alliance of Religions for Peace announced on Saturday the election of secretary general of the King Abdullah bin Abdulaziz International Center for Interfaith and Intercultural Dialogue (KAICIID) Faisal bin Abdulrahman bin Muammar as the honorary president of the Alliance.
The announcement was made at the 10th International Conference of the Religions for Peace General Assembly in Lindau, Germany, from 20-23 August 2019.
Alliance officials noted that the election of bin Muammar, along with the group of honorary presidents of the Alliance for the next five years, comes in recognition of his efforts, through the King Abdullah International Center for Interfaith and Intercultural Dialogue, to spread the values of dialogue and tolerance and to promote cooperation between religious figures and makers.
Bin Muammar expressed his thanks and appreciation for the trust of the Religions for Peace General Assembly.
He said: “I am proud to be elected as the honorary president among other honorary presidents, and joining an international multi-religious group of leaders committed to interfaith dialogue.”
He concluded his speech by expressing his sincere thanks and gratitude for the support of the founding countries of the Center, especially Saudi Arabia, the initiator of the initiative, Spain, Austria, the Vatican and the Board of Directors of Muslims, Christians, Jews, Buddhists and Hindus, and the advisory board of forty-six members of fifteen religions and beliefs, and employees of the Center in 30 countries around the world.
World Alliance of Religions for Peace, founded in 1970, is one of the most important international non-governmental organizations interested in world religious affairs.
It consists of a World Council of Senior Religious Leaders from all regions of the world; representing six regional interfaith bodies and more than 90 national bodies.