Home GRASP/China Pakistan Pursues Saudis in Bid to Avoid More China Debt

Pakistan Pursues Saudis in Bid to Avoid More China Debt

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ISLAMABAD—Saudi officials are due in Pakistan for talks starting Monday over a proposed multibillion-dollar oil refinery and other investments, Pakistani officials said, as Islamabad seeks new…
ISLAMABAD—Saudi officials are due in Pakistan for talks starting Monday over a proposed multibillion-dollar oil refinery and other investments, Pakistani officials said, as Islamabad seeks new sources of outside cash to avoid falling further into Chinese debt.
Saudi Arabian Oil Co., the state-run oil giant known as Aramco, is negotiating investing in the refinery, a person close to the Saudi side of the talks said.

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