Wednesday, June 10 2026

$4.5bn greenfield refinery project planned in Balochistan
SPEC Refinery Pvt Ltd is advancing plans for Pakistan’s first deep-conversion greenfield refinery at Hub, Balochistan, with an estimated investment of $4.5 billion, a move expected to strengthen energy security and spur industrial development in the country. The development was disclosed during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation of SPEC Refinery Pvt Ltd, led by its Chairman, Zafar Sheikh, read an official statement on Wednesday. The delegation briefed the minister on the project’s progress and highlighted its strategic importance in strengthening Pakistan’s energy security, reducing reliance on imported refined petroleum products, and promoting industrial development.
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