PM Shehbaz Approves $6 Billion Refinery Upgrades Plan

[peagle]

Prime Minister Shehbaz Sharif has approved amendments to Pakistan’s Brownfield Refinery Policy 2023, paving the way for long awaited upgrades of existing refineries aimed at improving fuel quality, reducing imports, and attracting fresh investment into the energy sector.

The decision was taken during a meeting of the Cabinet Committee on Energy (CCoE), where the government approved proposed changes to the refinery policy after consultations with industry stakeholders and relevant institutions.

The Brownfield Refinery Policy 2023 was introduced to encourage modernization of Pakistan’s existing refineries and attract around $6 billion in investment for upgrades. The projects are designed to enable production of Euro V compliant petrol and diesel, reduce furnace oil output, improve environmental standards, and strengthen Pakistan’s energy security.

During the meeting, Prime Minister Shehbaz Sharif said refinery modernization was essential for reducing dependence on imported fuels and ensuring a more secure energy system. He emphasized that upgraded refineries would help meet domestic energy needs while supporting cleaner fuel production.

The Prime Minister directed relevant ministries and institutions to ensure timely implementation of the revised policy and introduce reforms to improve the performance of the Oil and Gas Regulatory Authority (OGRA). He said stronger regulation, transparency, and competition were necessary to encourage investment in the energy sector.

The government also plans to promote the amended refinery policy among investors in Qatar, Saudi Arabia, and other Gulf countries through roadshows. The Prime Minister praised Petroleum Minister Ali Pervaiz Malik and his team for their work on finalizing the policy amendments.

Officials informed the meeting that the revised policy aims to accelerate refinery upgrades, increase production of environmentally compliant fuels, reduce low quality petroleum products, and support Pakistan’s energy reform agenda. The Prime Minister also directed authorities to increase strategic petroleum reserves to strengthen fuel security.

These idiots need to start coal to oil projects, it's an established technology. We have massive coal reserves and the price of oil is stably high for such projects to be successful.

It also massively aids our import bill reduction and foreign exchange reserve issues. Besides technological development, domestic employment, increase in taxation and a diverse economic base because it aids concurrent development of other industries making such projects more profitable.

This lot is only capable of run of the mill mindset. Bunch of donkeys. If they had followed a structured approach in CPEC 1, Pakistan would have had a mature coal industry by now, they built power plants on imported coal when Pakistan had proven massive coal reserves in the country. Ridicolous.

 

[peagle]

What do you think all these agreements with Saudi, Kuwait, Qatar etc entail???


We need to ensure the Hindus are thrown out of the Muslim world

Pakistani Hindus are our brothers and sisters. Please choose your words carefully.

 

[hussain0216]

Pakistani Hindus are our brothers and sisters. Please choose your words carefully.

How???? They are idolaters

 

[peagle]

There is need of modern refinery in KPK because alot of crude oil is extracted from KP. And than a second refinery in Sindh maybe. No need to built them on coastline where they can be taken out by single missile in any future war situation.

Pakistan has very low oil production, most of that i think is in Sindh, although i am not aware of latest figures, but they are still low as no new news has come forward. Our production has hoovered around 60-80,000 barrels per day, which effectively is tiny.
We do have massive shale oil reserves, amongst the largest in the world, but no one is paying attention because it requires a structured approach and proper planning.

Everyone cries about corruption, which is an idiotic lie, while ignoring the obvious, incompetence.

 

[peagle]

How???? They are idolaters

I didn't say they are Muslim brothers and sisters, Pakistani brothers and sisters.
Please learn the difference between a religion and a country.

 

[SoulSpokesman]

@peagle

These idiots need to start coal to oil projects, it's an established technology.

Absolutely. IND too. We are already 20 years too late.

Regards

 

[peagle]

@peagle

These idiots need to start coal to oil projects, it's an established technology.

Absolutely. IND too. We are already 20 years too late.

Regards

The Chinese learnt from the South Africans and made it their own, made it better, but both countries are fully capable. Although in the case of China, it's easier to arrange finance as well.

The last I checked it takes around $10-15 billion dependant on different variables to produce 80,000 barrels per day. Most of the oil produced tends to be used in downline industries magnifying the benefits. I am quiet certain you are already aware, just writing for other readers in case they're not.

 

[hydrabadi_arab]

The Chinese learnt from the South Africans and made it their own, made it better, but both countries are fully capable. Although in the case of China, it's easier to arrange finance as well.

The last I checked it takes around $10-15 billion dependant on different variables to produce 80,000 barrels per day. Most of the oil produced tends to be used in online industries magnifying the benefits. I am quiet certain you are already aware, just writing for other readers in case they're not.

Coal to gas is happening, agreement signed and all. But no progress on coal to oil project so far. Will have to convince Chinese for investment.

But good progress on shale gas project.

State of Exploration and Progress​

The state-owned Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have been assigned the task of exploring these unconventional resources.

• Recent Momentum: In July 2026, OGDCL announced successful pilot testing and vertical drilling that confirmed substantial shale gas reserves (estimated at 7.5 TCF) in the Hyderabad and Sanghar districts of Sindh. The company has already invested $30 million into its first unconventional shale gas well (KUC-1) and is moving into the horizontal drilling phase.
• Shale Oil is Often a Byproduct: In many shale formations, shale gas and shale oil are found together. The technological progress OGDCL is currently making in horizontal drilling and hydraulic fracturing (fracking) for shale gas is directly applicable to shale oil extraction.

It be quite easy to attract investment in shale gas/oil compared to coal to oil.

 

[SoulSpokesman]

@peagle bro,

There is nothing new coal gasification. Germans fought two world wars on the strength of their coal gasification tech. The thing is it is more complicated than just simply importing oil or gas, and requires substantial capex and long-term policy support, so the South Asian lazybones just won't be bothered.

Regards

 

[onlinpunit]

What do you think all these agreements with Saudi, Kuwait, Qatar etc entail???


We need to ensure the Hindus are thrown out of the Muslim world

When will you leave Kafir's land ?

 

[onlinpunit]

Yeh Indians ko kya ho gya is khabar ko sun kar?

You can thank @hydrabadi_arab post.

 

[hussain0216]

I didn't say they are Muslim brothers and sisters, Pakistani brothers and sisters.
Please learn the difference between a religion and a country.

Man, no idol worshippers are our brothers, they mean nothing to us, never did

I don't even understand why they are in the country

What's the point of partition if we have to tolerate these bastards

 

[hussain0216]

When will you leave Kafir's land ?

Whenever I need to,

Even though I was born here I'm not daft enough to think I'm British or the whites would tolerate me

 

[peagle]

Coal to gas is happening, agreement signed and all. But no progress on coal to oil project so far. Will have to convince Chinese for investment.

But good progress on shale gas project.

State of Exploration and Progress​

The state-owned Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have been assigned the task of exploring these unconventional resources.

• Recent Momentum: In July 2026, OGDCL announced successful pilot testing and vertical drilling that confirmed substantial shale gas reserves (estimated at 7.5 TCF) in the Hyderabad and Sanghar districts of Sindh. The company has already invested $30 million into its first unconventional shale gas well (KUC-1) and is moving into the horizontal drilling phase.
• Shale Oil is Often a Byproduct: In many shale formations, shale gas and shale oil are found together. The technological progress OGDCL is currently making in horizontal drilling and hydraulic fracturing (fracking) for shale gas is directly applicable to shale oil extraction.

It be quite easy to attract investment in shale gas/oil compared to coal to oil.

Coal to oil is a state led project. It is extremely easy if the state decides to give it it's full attention.
They gave idiotic levels of benefits to energy producers, for nothing. They can certainly do a different version suited to this industry for coal to oil.

An 80,000 barrels per day facility saves $8 billion dollars per annum just in oil imports at $100 dollars rate. It is a permanent industrial capacity and the of stream industries will provide continuous benefits for wide variety of sectors, magnifying that $8 billion dollars savings. Possibly resulting in exports as well.

It's a very simply win win. it also increases Pakistan's energy security.

 

[peagle]

@peagle bro,

There is nothing new coal gasification. Germans fought two world wars on the strength of their coal gasification tech. The thing is it is more complicated than just simply importing oil or gas, and requires substantial capex and long-term policy support, so the South Asian lazybones just won't be bothered.

Regards

Right, my understanding was that the genesis of the modern industry was linked to the South African success, a policy route they had to adopt due to their genocidal choices.