In a significant boost to Pakistan’s industrial sector, US energy giant Chevron has announced a major $30 million investment to establish a fully automated lubricants blending plant in the country.
The investment, confirmed by the Petroleum Ministry signals strong international confidence in Pakistan’s economic potential. Petroleum Minister Ali Pervaiz Malik hailed the move as a testament to Chevron’s long-term commitment to the region.
The state-of-the-art facility will enhance the production and quality of lubricants available in the local market. Minister Malik further revealed that Chevron plans to significantly expand its operations, aiming to grow its sales beyond its current annual volume of 70 million litres.
This strategic investment is expected to create new jobs, introduce advanced manufacturing technology, and strengthen Pakistan’s downstream oil sector. The project underscores a growing trend of foreign direct investment flowing into the country’s energy and infrastructure landscape.
