Engro Vopak Terminal (EVTL) 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.
The renewal marks the continuation of a three-decade relationship in which EVTL has endeavoured to serve as a reliable operator of critical national infrastructure, enabling savings of approx. $500 million (€436 million) annually for the national exchequer.
This milestone also reflects the confidence of Engro’s Dutch partner, Royal Vopak, in Pakistan’s regulatory framework and economic potential. The 30-year partnership is anchored in Engro’s track record of building and operating industrial infrastructure and Vopak’s terminal expertise. The collaboration has enabled EVTL to bring global safety standards, technical expertise, supply chain efficiencies, and operational discipline to Pakistan.
The agreement was reached through a fully transparent process, anchored in the contractual provisions of the existing Implementation Agreement and endorsed by all relevant stakeholders.
Syed Ammar Shah, CEO of EVTL, comments: '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 fertilizers that feed the nation to the materials that build its homes. The renewal of this agreement is a renewal of our purpose itself.'
In a post on LinkedIn, the company said: 'EVTL is grateful to the Government of Pakistan for their trust, and for consistently prioritizing 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 PQA, the Ministry of Maritime Affairs, SIFC, PPRA, OGRA, the Ministry of Law and Justice, the Ministry of Finance, the Maritime Taskforce, NCMC, and the ECC.'
