SPEC Refinery seeks govt support for Hub project

MG News | June 10, 2026 at 11:47 AM GMT+05:00

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June 10, 2026 (MLN): SPEC Refinery Pvt Ltd has presented plans for Pakistan's first Deep Conversion Greenfield Refinery Project at Hub, Baluchistan, seeking government facilitation for the implementation of the Greenfield Refinery Policy and expedited issuance of remaining regulatory approvals from the FBR.

Federal Minister for Commerce Jam Kamal Khan received a delegation from SPEC Refinery Pvt Ltd, led by Chairman Zafar Sheikh, to discuss the project's development and the government's role in supporting its timely execution, according to a press release issued.

The proposed facility will deploy advanced deep conversion technology capable of processing a wide range of internationally sourced crude oil grades to maximize output of high-value petroleum products.

The project is positioned as a strategic investment aimed at reducing Pakistan's dependence on imported refined petroleum products and catalyzing the growth of downstream petrochemical industries.

Groundwork for the project has already commenced, with future implementation strategies currently being finalized.

The refinery is expected to generate approximately 2,000 direct and indirect employment opportunities in Hub and surrounding areas across both its construction and operational phases, while contributing to regional economic development, skills enhancement, and technology transfer.

Jam Kamal Khan welcomed the investment, highlighting Pakistan's strategic location at the intersection of South Asia, Central Asia, the Middle East, and Western China as a key enabler for large-scale industrial and energy projects.

The Minister reaffirmed the government's commitment to facilitating investment that drives economic growth, industrial modernization, import substitution, and export enhancement.

The delegation also outlined broader plans for associated petrochemical facilities, including production of industrial feedstocks and value-added products to support Pakistan's manufacturing sector and expand export opportunities.

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