Aurangzeb pledges tight grip on petroleum supply amid rising global energy tensions

Muhammad Aurangzeb

Islamabad, March 4, 2026 – As rising tensions in the Gulf region impact global energy markets, Finance Minister Senator Muhammad Aurangzeb on Tuesday assured that Pakistan is actively monitoring petroleum availability to prevent potential supply disruptions.

The assurance came during a meeting with Robert Jan Siegert, Ambassador of the Kingdom of the Netherlands to Pakistan, and a delegation from Engro Corporation and Engro Vopak Terminal Limited (EVTL). The delegation included Ahsan Zafar Syed, President of Engro Corporation; Ammar Shah, CEO of EVTL; and Yasir Ali, Vice President & Chief Government Relations Officer of Engro Corporation.

During the meeting, officials exchanged views on the evolving regional situation and its implications for energy markets and supply chains. Aurangzeb emphasized that the government is closely engaged with stakeholders to ensure uninterrupted availability of petroleum products and to proactively manage supply challenges.

The delegation shared industry insights on logistics and supply considerations amid international market volatility. They also briefed the finance minister on Engro Vopak Terminal Limited, a joint venture between Royal Vopak of the Netherlands and Engro Corporation. Operating at Port Qasim since 1996, the terminal handles key chemical imports for downstream industries and a significant portion of marine LPG for household energy needs, playing a crucial role in Pakistan’s industrial and energy supply chains.

Aurangzeb highlighted Pakistan’s commitment to strengthening economic cooperation with the Netherlands, noting that partnerships with reputable international investors support economic development, trade, and global business confidence. The Dutch envoy reaffirmed the Netherlands’ commitment to expanding bilateral economic ties, emphasizing the success of Dutch-Pakistani corporate collaborations.

The finance minister also assured continued government support for foreign investment and a stable operating environment for ongoing economic partnerships, underlining the importance of maintaining specialised infrastructure critical for industrial production and supply-chain stability.