Cnergyico and Attock Refinery Sign Agreements for Major Upgrades
Islamabad: Two of Pakistan’s major oil refineries, Cnergyico Pakistan Limited and Attock Refinery Limited (ARL), have signed agreements with Inter State Gas Systems (ISGS) to begin upgrading their existing refinery facilities.
The agreements have been signed under the government’s Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023.
Cnergyico Signs Upgradation Agreement
Cnergyico signed its agreement with ISGS on September 24, 2026, following approval from the Economic Coordination Committee (ECC) of the Cabinet.
The approval was granted under the refining policy, which was amended in August 2026.
ISGS has been designated as the implementation entity on behalf of the Petroleum Division for the refinery upgrade programme.
Cnergyico said the agreement covers the implementation of its approved upgradation project and reaffirmed its commitment to modernising its existing refinery facilities.
Attock Refinery Also Joins Programme
Attock Refinery separately confirmed that it had signed its own Upgradation Agreement with ISGS, following its nomination by the Petroleum Division of the Ministry of Energy.
The company described the agreement as an important step towards upgrading its existing infrastructure and improving refinery operations.
According to Attock Refinery, the project is expected to support:
- Improved operational efficiency
- Better fuel quality
- Production of Euro V-standard fuels
- Modernisation of refinery infrastructure
- Greater support for Pakistan’s long-term energy security
Government Refinery Policy
The government introduced the brownfield refinery upgrade policy in 2023 to modernise Pakistan’s existing refining capacity.
The policy aims to improve the quality of locally produced fuels, increase domestic production of petrol and diesel and reduce reliance on furnace oil production.
The policy was amended in 2024 and again in August 2026 following delays in implementation.
Investment Expected Across Major Refineries
The signing of the latest agreements is expected to move forward a wider refinery modernisation programme involving Pakistan’s major refining companies.
The upgraded projects are projected to attract around $6 billion in investment across the country’s five major refineries.
The government expects the programme to strengthen domestic refining capacity, improve fuel standards and support a more secure energy supply for Pakistan.
