Author: Admin

All Refineries Gear Up to Sign Upgradation Agreements, $6 Billion + Investment likely

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Petroleum Minister Reviews Refinery Modernisation, Energy Security and Supply Resilience KARACHI: August 28,2026 Federal Minister for Petroleum Ali Pervaiz Malik held meetings with the managements of Pakistan’s five oil refineries, Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico and Attock Refinery Limited (ARL), to review progress towards implementation of the Brownfield Refinery Upgradation Policy, the financial and operational performance of the refineries, and measures to strengthen Pakistan’s energy security. The managements of all five refineries reaffirmed their readiness to sign agreements under the Refinery…

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Saudi group eyes Pakistan airport privatization, further investments

Admin

KARACHI: Saudi Arabia’s Asyad Group is looking to expand its investments in Pakistan, including through the government’s upcoming airport privatization process, as its local energy subsidiary Wafi Energy Pakistan continues to grow its retail and storage network despite disruptions to global energy markets. The group, which acquired control of Shell Pakistan in 2024, is exploring new opportunities in the country’s privatization program as well as the financial sector, Asyad Group Chief Executive Officer Ghassan Ahmed Amodi told Finance Minister Muhammad Aurangzeb at a meeting on Thursday, according to the Finance…

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Wafi Energy Pakistan posts Rs641mn loss in Q2 as global energy disruptions hit

Admin

Wafi Energy Pakistan Limited, formerly known as Shell Pakistan Limited, reported a loss after tax of Rs641 million in the second quarter ended June 30, 2026, compared with a profit after tax (PAT) of Rs422 million in the same period last year. Consequently, the OMC posted a loss per share of Rs3 during the quarter ended June 30, 2026, as compared to an earnings per share of Rs1.89. However, Wafi Energy posted a PAT of Rs1,523 million for the half year ended June 30, 2026, compared with Rs1,260 million in…

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Experts Urge Pakistan to Avoid Rigid LNG Contracts as Solar Capacity Surges

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ISLAMABAD, August 27, 2026: Parliamentarians and energy experts have urged the government to avoid long-term energy contracts that could expose Pakistan to costly take-or-pay obligations and further aggravate circular debt, calling instead for a more flexible approach to LNG and other fuel imports as solar power rapidly transforms the country’s energy landscape. Pakistan has deployed an estimated 50 GW of solar capacity across utility-scale, net-metered, agricultural, off-grid and behind-the-meter systems in recent years, largely without public subsidies. The installed capacity is estimated to generate around 54.75 TWh annually, equivalent on…

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Sindh’s Energy Contribution to National Grid Grows as Thar Coal Generates 3,240 MW: Sharjeel Memon

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New-Project73

KARACHI, August 27, 2026: Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit Sharjeel Inam Memon has highlighted Sindh’s growing contribution to Pakistan’s energy security, stating that 3,240 MW of electricity generated through Thar Coal projects is being supplied across the country through the national grid. In a statement, Sharjeel Memon said Sindh was utilising its natural resources to support national development, with Thar Coal playing an important role in meeting the country’s electricity requirements. He added that several wind and solar power projects in the province…

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