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Refineries CEOs Meet Petroleum Minister To Discuss Challenges Including Refinery Upgradation

admin-augaf by admin-augaf
May 6, 2025
in Business, Finance
Reading Time: 2 mins read
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Pakistan Refineries Throughput Declined 18.9% in First Quarter on LC Challenges
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Islamabad May 6 2025: A high-level delegation comprising Chief Executive Officers (CEOs) of Pakistan’s leading refineries called on Federal Minister for Petroleum Ali Pervaiz Malik today.

The meeting focused on enhancing collaboration between the government and the refining sector to ensure sustainable energy supply, improve refinery efficiency, and address key challenges facing the industry.

The meeting, held at the Ministry of Petroleum, served as a platform for constructive dialogue on critical issues, including refinery upgradation, fuel quality standards, and policy frameworks to bolster the petroleum sector’s contribution to Pakistan’s economy.

Minister Ali Pervaiz Malik reiterated the Government’s commitment to facilitating the refining industry’s growth while ensuring affordable and reliable energy for consumers.

In light of recent border tensions with India, the CEOs of Pakistan’s refineries assured the minister of their full operational readiness to meet the fuel requirements of the Armed Forces of Pakistan.

They emphasized that all necessary arrangements, including strategic fuel reserves and uninterrupted production capabilities, are in place to support national defense needs in any scenario.

Minister Malik commended the refineries for their proactive measures and reiterated the government’s full support in ensuring energy security for both civilian and defense sectors.

Federal Minister Ali Pervaiz Malik emphasized,”The government recognizes the vital role of refineries in Pakistan’s energy landscape.

We are committed to providing a conducive policy environment to support modernization, improve fuel quality, and ensure long-term sustainability.

This collaboration is crucial for achieving energy security and economic growth, ensuring a robust and resilient petroleum sector for the future.

The refinery CEOs appreciated the minister’s proactive approach and shared insights on operational challenges, seeking government support in upgradation and fiscal incentives.

Both sides agreed to maintain regular consultations to drive the sector forward.

The delegation included Zahid Mir-CEO Pakistan Refinery Limited, Irtiza Qureshi-MD PARCO, Adil Khattak-CEO Attock Refinery Limited, Amir Abbasi-CEO Cynergico, Asad Hasan – CEO National Refinery Limited.

Secretary Petroleum Momin Agha, Additional Secretary Zafar Abbas, Director General Oil Imran Ahmed were also present in the meeting.

admin-augaf

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