ISLAMABAD -- A $10 billion Saudi-backed oil refinery project planned in Pakistan's port city of Gwadar aims to capitalize on the troubled economy's potential, and, sources say, lay a foundation for taking in more Russian crude.
Economy
Pakistan lines up Saudi-backed refinery as it eyes more Russian oil
$10bn project in Gwadar draws skepticism but some experts see long game
Crew members check the deck of a ship delivering Russian crude oil to Pakistan at the port of Karachi in June. © Reuters
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