Pakistan, Honeywell explore refinery upgrade to boost energy security

MG News | July 21, 2026 at 10:29 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 21, 2026 (MLN): Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held talks with a delegation from Honeywell Technologies, led by Vice President and General Manager Barry Glickman, to explore opportunities for modernizing and expanding Pakistan’s refinery sector.

During the meeting, the finance minister welcomed Honeywell’s proposal to upgrade the country’s refining infrastructure, saying the initiative could significantly boost domestic refining capacity and help reduce Pakistan’s dependence on imported petroleum products.

The discussions focused on Honeywell’s advanced refining technologies and equipment, along with possible financing options through the U.S. Export-Import Bank (EXIM Bank), the U.S. International Development Finance Corporation (DFC), export credit agencies, and leading international financial institutions.

Muhammad Aurangzeb said the proposed refinery modernization project would contribute to strengthening Pakistan’s energy security, support industrial growth, and promote long-term sustainable economic development.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,166.52 410.56M	0.33% 574.76
ALLSHR	107,641.65 676.88M	0.48% 519.21
KSE30	52,670.80 88.28M	0.39% 203.40
KMI30	251,460.53 103.06M	0.76% 1891.30
KMIALLSHR	69,413.38 509.62M	0.79% 544.65
BKTi	49,984.79 26.85M	-0.30% -151.57
OGTi	36,423.05 16.04M	1.47% 527.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,540.00	78,915.00 76,745.00	360.00 0.47%
BRENT CRUDE	93.60	94.83 92.74	-0.18 -0.19%
RICHARDS BAY COAL MONTHLY	110.30	110.50 110.30	0.05 0.05%
ROTTERDAM COAL MONTHLY	125.25	125.25 125.25	1.50 1.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.64	87.51 85.80	-0.19 -0.22%
SUGAR #11 WORLD	17.60	17.89 17.16	0.08 0.46%