Engro Vopak Terminal Limited (EVTL) and Port Qasim Authority (PQA) successfully renew the terminal’s implementation agreement, meaning EVTL will continue to operate Pakistan’s only integrated bulk liquid chemical and LPG terminal. EVTL is a joint venture between Engro Corporation and Royal Vopak.
The agreement continues a non-exclusive 30-year partnership between PQA and EVTL; now, EVTL looks towards $200 million (€175.2 million) in further investments in the port, including the setting up of refrigerated LPG infrastructure. The terminal handles around 70% of Pakistan’s bulk liquid chemicals imports and 50% of LPG marine imports.
Syed Ammar Shah, CEO of EVTL, says: ‘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. 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 PQA, the Ministry of Maritime Affairs, Special Investment Facilitation Council, Public Procurement Regulatory Authority, Oil & Gas Regulatory Authority, the Ministry of Law and Justice, the Ministry of Finance, the Maritime Taskforce, National Coordination and Management Council and the Economic Coordination Committee.’
