Key Points
- VTTI expressed interest in Pakistan’s energy storage sector.
- The company also seeks LPG terminal investment opportunities.
- Honeywell UOP wants to expand its Pakistan investment footprint.
- The US company offered advanced refinery-upgradation technology.
- Ali Pervaiz Malik welcomed both companies’ investment interest.
ISLAMABAD: Global energy companies have shown strong interest in investing in Pakistan’s energy infrastructure, including storage facilities, LPG terminals and refinery modernisation, as the government seeks to attract foreign capital and strengthen domestic refining capacity.
The interest was expressed during separate meetings between representatives of Vitol Tank Terminal International (VTTI) and US-based Honeywell Universal Oil Products (UOP) and Federal Minister for Petroleum Ali Pervaiz Malik in here on Wednesday.
VTTI representatives expressed interest in investing in energy storage, bonded warehousing and LPG storage terminals in Pakistan.
The company also discussed opportunities involving bonded warehousing and re-export facilities, as well as expansion of LPG infrastructure and supply chains, according to the government’s account of the meeting.
Honeywell UOP, meanwhile, expressed interest in enhancing its investment footprint in Pakistan and providing advanced technology for upgrading the country’s refineries.
Malik welcomed the companies’ expressions of interest and said the government was taking all possible measures to provide clean, reliable and affordable energy to consumers.
He said the government believed in a transparent and fair pricing system and was committed to enhancing domestic refining capacity and efficiency through refinery upgrades.
The latest expressions of interest come as Pakistan is accelerating efforts to modernise its ageing refining infrastructure and reduce dependence on imported petroleum products.
The Petroleum Division has recently amended its Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023. The amended policy was notified on September 10, 2026, highlighting the government’s renewed focus on refinery modernisation.
Pakistan’s refining sector has faced prolonged investment constraints. The government’s brownfield refinery policy notes that only two refineries have been established in the country during the past four decades, while insufficient investment has increased dependence on imported petroleum products and placed pressure on foreign-exchange reserves.
The government has said that attracting international capital and technology remains important for improving the efficiency of Pakistan’s energy infrastructure.
The discussions with VTTI and Honeywell UOP therefore cover two complementary areas — physical energy infrastructure and storage on one hand, and refinery technology and modernisation on the other.
The meetings also signal the government’s efforts to position Pakistan’s energy sector as an investment destination while pursuing reforms aimed at improving domestic production, supply resilience and fuel quality.
