Saudi Aramco, Saudi Arabian oil and natural gas company, plans to construct a new oil refinery in Pakistan.

Saudi Aramco intends to invest approximately $10 billion in the new oil refinery project in Balochistan at Gwadar district.

Saudi Energy inked a memorandum of understanding with Pakistan to build an oil refinery at the deep seaport which is also the terminal point of the China-Pakistan Economic Corridor project

In the first half of 2017, Saudi Aramco reported a net income of $34 billion.