PRL enters upgrade agreement with govt to modernize refinery

Pakistan Refinery Limited (PRL) has entered into an upgrade pact with the government, executed through Inter State Gas Systems (Private) Limited (ISGS), according to Mettis Link News. The deal was inked on September 24, 2026, after the Economic Coordination Committee of the Cabinet gave its approval. It falls under the national oil refining policy covering upgrades of existing brownfield refineries, 2023, as amended in August 2026.

PRL is the newest refinery to sign a comparable deal with ISGS, after National Refinery, Attock Refinery and Cnergyico, which inked similar agreements at an Islamabad ceremony. Government officials and the participating refineries took part in that event. The Ministry of Energy's Petroleum Division has named ISGS as implementation body for these deals.

Through its exchange notification, PRL stated that it is dedicated to modernizing its refinery and carrying out upgrades consistent with the policy's goals. It also expressed gratitude to the government for backing efforts that help the country's refining sector.