KARACHI: Engro Vopak Terminal Limited (EVTL) – joint venture of Engro Corporation and Royal Vopak – has succeeded in renewing the Implementation Agreement of its terminal, ensuring that the company continues to fulfill its role of operating the only integrated bulk liquid chemicals and LPG terminal of Pakistan.
The renewal represents the continuation of a relationship that spans over three decades where EVTL has proveD itself as a dependable operator of key national infrastructure, saving approximately USD 500 million for the government each year. Currently, the facility processes 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 is another achievement that speaks about the trust of Engro’s Netherlands-based business partner, Royal Vopak, which is the world’s biggest independent and specialized terminal operator, in Pakistan’s legal regime and economic prospects. Based on the experience of Engro in the construction and operation of industrial facilities and Royal Vopak in terms of terminal operations, this joint venture has operated for a period of 30 years and helped EVTL adopt international standards into Pakistan.
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That track record provides the foundation for continued FDI in Pakistan’s port and logistics infrastructure. EVTL is already looking at additional investments of more than USD 200 million following this agreement. EVTL also plans to develop refrigerated LPG infrastructure to strengthen Pakistan’s energy security and will soon launch a feasibility study for the project
The parties reached the non-exclusive agreement through a transparent process and based it on the contractual provisions of the existing Implementation Agreement, while all relevant stakeholders reviewed and endorsed the renewal. Renewals of BOT (Build-Operate-Transfer) arrangements with existing operators of critical infrastructure are also consistent with global practice; terminals in the UAE, Türkiye, Thailand, and Spain have followed the same path, prioritizing operational continuity to protect downstream industries and national supply chains.
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 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 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 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).”
Nayab Fatima is a media professional specializing in fact-based journalism, research, and analytical reporting on technology, telecom, aviation, and automobiles.
