Pakistan has reportedly allotted nearly 5000 hectares of land near Gwadar for a consortium of Chinese petrochemical companies to build a variety of refining and logistical facilities in the coming years.
The Chinese consortium, called the Great United Petroleum Holding Company (GUPC), brings together nearly 50 enterprises. The GUPC plans to build an initial refining capacity of 11 million tonnes and expand it in phases to about 63 million tonnes in a decade and a half. As China dramatically transforms its economic relationship with Pakistan, New Delhi is playing hardball in a low stakes game of market access with Islamabad.
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