Port Qasim Authority renews Engro Vopak Terminal implementation agreement
- EVTL's agreement renewal signals Royal Vopak's confidence in Pakistan's economy
Engro Vopak Terminal Limited (EVTL) renewed its agreement with Port Qasim Authority, securing its role as Pakistan's sole integrated bulk liquid chemical and LPG terminal and planning over $200 million in new investments.
- EVTL's crucial role in Pakistan's import supply chains.
- Planned $200 million investments for Pakistan's energy security.
- International partner's confidence in Pakistan's economic potential.
Engro Vopak Terminal Limited (EVTL), a joint venture between Engro Corporation and Royal Vopak, and Port Qasim Authority (PQA) have successfully renewed the terminal’s Implementation Agreement, reinforcing EVTL’s mandate to operate Pakistan’s only integrated bulk liquid chemical and LPG terminal.
At present, the terminal handles approximately 70% of Pakistan’s bulk liquid chemical imports and 50% of LPG marine imports, supporting supply chains across various sectors, including agriculture, textiles, construction, energy, and plastics.
“This milestone also reflects the confidence of Engro’s Dutch partner, Royal Vopak – the world’s largest independent and specialised terminal operator – in Pakistan’s regulatory framework and economic potential,” read the statement.
As per the statement, EVTL is already looking at additional investments of more than $200 million following this agreement. This includes the setting up of refrigerated LPG infrastructure, which will enhance energy security for Pakistan; a feasibility study for this will soon be initiated.
The agreement was endorsed by all relevant stakeholders.
On the occasion, Syed Ammar Shah, CEO of EVTL, said, “Engro’s purpose has always been to build businesses that make life possible through effective problem-solving. EVTL is that purpose-made tangible – the chemicals that move through this terminal reach various corners of the economy, from the fertilisers that feed the nation to the materials that build its homes. The renewal of this agreement is a renewal of our purpose itself.
EVTL is grateful to the Government of Pakistan for their trust and for consistently prioritising national interest through collaborative engagement with industry.
We also acknowledge all stakeholders who facilitated this operational continuity while ensuring that transparency and due process were followed including Port Qasim Authority (PQA), the Ministry of Maritime Affairs (MoMA), Special Investment Facilitation Council (SIFC), Public Procurement Regulatory Authority (PPRA), Oil & Gas Regulatory Authority (OGRA), the Ministry of Law and Justice, the Ministry of Finance, the Maritime Taskforce, National Coordination and Management Council (NCMC), and the Economic Coordination Committee (ECC).”
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