PRL

Eyes refinery upgrade, increased incentives under Brownfield Refining Policy 2024

Raises limit on withdrawal from escrow account

Will boost production of profitable, environmentally friendly fuels

Investor will inject $1.5b into refinery to double its production capacity

Moscow reluctant to agree on $60 price cap; delegation arriving for talks

Brownfield Refinery Policy 2023 is to encourage the existing refineries to upgrade, modernise and expand

Agreement will help enhance refining capabilities, clean fuel production

Heavy rainfall and flooding in Karachi affect refinery’s operations

Country may face shortage if refineries cut production of petroleum products

Imran Khan-led govt allows refineries to import commodity to meet growing demand due to harvesting season