China’s Sinosure has pledged $1 billion to help expand Pakistan Refinery Limited (PRL). This expansion will double the refinery’s ability to process crude oil from 50,000 to 100,000 barrels per day.
This commitment was made during Petroleum Minister Musadik Malik’s recent trip to China, where Sinosure confirmed the funding after conducting necessary checks and selecting a contractor for the project.
The overall cost of the Refinery Expansion & Upgrade Project (REUP) is $1.7 billion. This project will introduce advanced technology to produce EURO V fuels, which will enhance PRL’s efficiency and ensure better environmental standards.
This expansion aligns with Pakistan’s goals to improve its energy infrastructure as part of the brownfield refinery policy, which aims to upgrade existing facilities rather than building new ones.
By investing in this project, Pakistan is working to meet its growing energy needs while also improving fuel quality and environmental compliance. This investment is seen as a significant step towards strengthening the country’s refining capabilities and supporting economic development.
