Pakistan: Four Refineries Sign $6B Upgrade Deals for Energy Security

Four of Pakistan's five local oil refineries have signed formal upgrade agreements with the government, initiating an estimated USD 6 billion investment over the next five years. This multi-billion-dollar initiative, under the Brownfield Petroleum Refining Policy 2026, aims to modernize the domestic refining sector and strengthen the country’s long-term energy security. Attock Refinery, National Refinery, Pakistan Refinery, and Cnergyico Petroleum are among those committed. This significant investment could bolster Pakistan's economic stability and potentially ease pressure on the USD/PKR exchange rate in the medium to long term, influencing local gold prices.

بحوالہ / Source: www.brecorder.com