قومی ریئل اسٹیٹ خبریں

Islamabad | ReNews Pakistan
Four Pakistani refineries that signed agreements with the government on September 24 for major brownfield upgrades have yet to formally submit their detailed project plans to Inter State Gas Systems.

Inter State Gas Systems is a government owned company designated to oversee the implementation of refinery upgrade projects and manage the associated upgrade incentive accounts.

The four refineries that signed the agreements are Attock Refinery Limited, National Refinery Limited, Pakistan Refinery Limited and Cnergyico Pakistan Limited.

The refineries have committed to investments aimed at improving the production capacity and quality of petroleum products in the country. Their planned investments include green fuel production, bottom of the barrel conversion, expansion of production capacity and improvement in the quality of petroleum products.

According to sources, the projects are currently at different stages of engineering, technical assessment and feasibility studies. The detailed plans are therefore yet to be finalised and formally submitted to Inter State Gas Systems.

The brownfield refinery upgrade programme is aimed at modernising existing refining facilities and improving their technical and production capabilities. The projects are also expected to support increased production of higher value petroleum products and improve the overall quality of refined products.

The proposed investments are expected to include upgrades in processing facilities, conversion capabilities and production systems. However, the final scope and implementation timelines of the individual projects will become clearer once the detailed engineering and feasibility plans are formally submitted.

The four refineries will also be required to complete further technical and administrative processes with the relevant government authorities as part of the implementation of their respective upgrade agreements.

The development is part of the broader effort to modernise Pakistan's existing refining infrastructure, improve the domestic production of petroleum products and enhance the capacity of local refineries to meet changing market requirements.

Two major Pakistani companies, National Resources Limited (NRL) and Mari Energies Limited, have announced encouraging copper and gold discoveries in Balochistan’s mineral-rich Chagai district, highlighting the region’s potential for future mining investment and industrial development.

Addressing the Pakistan Minerals Investment Forum 2026, NRL Chairman Muhammad Ali Tabba revealed that the company had identified copper-gold mineralisation at eight locations in the Darigwan area following approximately 25,000 metres of exploratory drilling. The discoveries extend across an area of about 5.6 square kilometres, adjoining NRL’s previously identified Tang Kaur copper-gold prospect. According to the company, one drill hole intersected a 295-metre mineralised section containing 0.43% copper and a reported gold grade of 0.13 grammes per tonne, while a 132-metre interval within the same section recorded a higher copper concentration of 0.83%. The findings indicate promising mineralisation, although further exploration and formal resource assessments are required to determine the size, economic viability and commercial development potential of the deposits.

NRL, a joint venture involving Fatima Fertilisers, Liberty Mills and Lucky Cement Limited, currently holds five mineral exploration licences in Balochistan, covering two copper-gold projects, one lead-zinc project and two antimony projects. Muhammad Ali Tabba said additional drilling and exploration under licence EL214 would help establish the extent of the newly identified mineral deposits. The company is working towards its first internationally compliant mineral resource estimate, while preliminary assessments prepared by an independent consultant have not yet been publicly released pending completion of the required reporting procedures. NRL plans to begin environmental, hydrogeological, metallurgical and geotechnical studies in 2027, with the objective of completing a bankable feasibility study by the end of the decade.

The chairman also reaffirmed the company’s previously announced $100 million commitment to mineral exploration in Pakistan and invited domestic and international investors, contractors and technical service providers to participate in emerging opportunities. To improve exploration efficiency, NRL has partnered with Lahore University of Management Sciences (LUMS) to develop an artificial intelligence-based predictive model using geological information and drilling data. The company aims to establish an integrated mineral development platform encompassing exploration, extraction, processing and value-added industrial activities.

Meanwhile, Mari Energies Limited announced a separate copper-gold discovery at the East Siah Diq (ESD-1) exploration target in Chagai district through its wholly owned subsidiary, Mari Minerals (Private) Limited. The discovery is situated approximately 50 kilometres east of the Reko Diq copper-gold project and 25 kilometres northwest of Nokkundi, in the Koh-i-Sultan area. Speaking at the Pakistan Minerals Investment Forum 2026, Mari Energies Managing Director and Chief Executive Officer Faheem Haider disclosed that the company had completed approximately 25,000 metres of exploratory drilling in two phases, with individual drill holes extending to depths of up to 500 metres. The drilling programme identified porphyry-style copper mineralisation beneath approximately 100 metres of overlying material, covering an estimated area of 1.4 square kilometres. Haider described the findings as an important milestone in the company’s minerals exploration programme and said further geological assessments and technical studies would be undertaken to establish the scale and potential commercial viability of the discovery. He reaffirmed the company’s commitment to responsible mineral exploration and long-term value creation for Pakistan and its stakeholders.

The latest exploration results reinforce Chagai district’s growing importance as a centre of copper and gold exploration, alongside the internationally significant Reko Diq mining development. The discoveries could eventually create opportunities for mining infrastructure, mineral-processing facilities, transport networks, power supply systems and associated industrial investment in Balochistan. Development of commercially viable mineral projects may also support employment, regional economic activity and future mineral exports. However, both discoveries remain at the exploration and technical assessment stages, and neither company has announced confirmed commercial production volumes or construction schedules for mining operations at the newly identified sites. Their eventual development will depend on verified mineral resource estimates, detailed feasibility studies, financing arrangements, environmental and regulatory approvals, and the availability of supporting infrastructure. The announcements nevertheless represent further progress in Pakistan’s efforts to attract investment into its mineral resources and develop a stronger domestic mining and minerals-processing industry.