Islamabad: Federal Minister for Petroleum Ali Pervaiz Malik welcomed Chevron’s recent $30 million investment in Pakistan’s oil sector during a meeting with Ahmed Zahid, CEO and Country Chairman of Chevron Pakistan. The investment is aimed at establishing a state-of-the-art lubricants blending plant, reinforcing the company’s commitment to the region.

Chevron, a prominent US-based multinational, currently sells approximately 70 million liters of lubricants annually in Pakistan. This new facility is expected to enhance the company’s operational capacity and serve a diverse range of industrial and automotive clients.

Minister Malik praised Chevron for its significant investment and for enhancing Pakistan’s oil sector with advanced technology. He emphasized the government’s dedication to fostering a supportive business environment, highlighting the importance of such investments for economic growth and job creation.

Ahmed Zahid expressed gratitude for the government’s support and reaffirmed Chevron’s confidence in Pakistan’s business potential. He indicated that Chevron plans to expand its operations further, contributing positively to the country’s economic development.