Pakistan’s three major refineries ink upgrade agreements with govt
Three major refineries of Pakistan, including Cnergyico Pk, Attock Refinery and National Refinery, have signed agreements with Inter State Gas Systems (ISGS), a state-owned gas company, to proceed with projects to upgrade their existing plants under the country’s amended 2023 refinery policy, the companies said on Thursday. The listed refineries disclosed the development in their respective…
Pakistan's top three refineries—Cnergyico Pk, Attock Refinery, and National Refinery—have inked agreements with the state-owned Inter State Gas Systems (ISGS) to upgrade their existing plants, per their announcements to the Pakistan Stock Exchange on Thursday. This move aligns with Pakistan's amended 2023 refinery policy, which aims to modernise refineries and meet growing market demands.
The refineries highlighted the significance of these agreements in their filings, emphasizing their commitment to enhancing operational efficiency, improving product quality, and contributing to a more sustainable energy future. The policy mandates ISGS to act as the implementation entity for the upgradation projects, in line with the terms and conditions set forth by the Ministry of Energy's Petroleum Division.
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