Gwadar Port

Gwadar Port

Gwadar Port is a warm-water, deep-sea port situated on the Arabian Sea at Gwadar in Balochistan province of Pakistan. The port is a major destination in the China–Pakistan Economic Corridor. In 11/12/2015, Pakistan and China signed a deal to acquire the usage rights to more than 2,000 acres of land for a Chinese company, Chinese official media reported.

Gwadar is located on the shores of the Arabian Sea it is in Pakistan's western province of Balochistan. It is about 533 km fromKarachi and 120 km from the Iranian border and 380 km (240 mi) km northeast of the nearest point in Oman across the Arabian Sea. Gwadar Port is located at the mouth of the Persian Gulf, just outside the Strait of Hormuz, near the key shipping routes in and out of the Persian Gulf. It is situated on the eastern bay of a natural hammerhead-shaped Peninsula protruding into the Arabian Sea from the coastline.

The surrounding region is home to around two-thirds of the world's oil reserves. It is also the nearest warm-water seaport to thelandlocked, but energy rich, Central Asian Republics and landlocked Afghanistan.

Pakistan identified Gwadar as a port site as far back as 1954 when Gwadar was still under Omani rule. Pakistan's interest in Gwadar started when, in 1954, it engaged theUnited States Geological Survey (USGS) to conduct a survey of its coastline. The USGS deputed the surveyor, Worth Condrick, for the survey, who identified Gwadar as a suitable site for a seaport.[4] After four years of negotiations, Pakistan purchased the Gwadar enclave from Oman for $3 million on 8 September 1958 and Gwadar officially became part of Pakistan on 8 December 1958, after 200 years of Omani rule. At the time, Gwadar was a small and underdeveloped fishing village with a population of a few thousand.