2 Major Refineries Sign Govt Deals for Upgrades

Cnergyico Pk Limited and Attock Refinery Limited have signed agreements with Inter State Gas Systems (ISGS) to upgrade their existing refineries under the government's Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023.

Key points

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• Separately, Attock Refinery Limited remarked it had successfully executed an Upgradation Agreement with ISGS.
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• ISGS has been nominated as the implementation entity on behalf of the Petroleum Division.
• Cnergyico's signing ceremony was held in Islamabad and attended by administration representatives and participating refineries.

After approval by the Economic Coordination Committee (ECC) of the Cabinet under the policy, as amended in August 2026, cnergyico signed its Upgradation Agreement with ISGS on September 24. ISGS has been nominated as the implementation entity on behalf of the Petroleum Division.

In practice, the agreement covers the implementation of Cnergyico's approved refinery upgradation project. The firm stated it remains committed to upgrading and modernizing its refinery and appreciated the government's backing for the modernization of the refining sector. Punjab Govt Offers Rs. 750, 000 Subsidy on 10, 000 Tractors.

Separately, Attock Refinery Limited remarked it had successfully executed an Upgradation Agreement with ISGS. It was mandated and nominated by the Ministry of Energy's Petroleum Division under the same refining policy.

Attock Refinery remarked the agreement marks a significant milestone in its efforts to modernize and upgrade its existing refinery infrastructure, enhance operational efficiency, improve product quality, produce Euro V standard fuels and contribute toward a more sustainable and secure energy future for Pakistan.

For context, the administration introduced the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries in 2023 to modernize the country's existing refineries, improve fuel quality and rise domestic production of petrol and diesel while reducing furnace oil output.

Meanwhile, the policy was amended in 2024 and again in August 2026 after a prolonged delay in implementation, with the upgrade agreements now projected to unlock around $6 billion in investment throughout Pakistan's five major refineries. Stay Connected with ProPakistani.

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In short, 2 Major Refineries Sign Govt Deals for Upgrades is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.