National Assembly’s body on Petroleum and Natural Resources approves Public Sector Development Program amounting to Rs. 992.632 million for inclusion in Budget 2016-17

Islamabad, February 23, 2016 (PPI-OT):Meeting of the Standing Committee on Petroleum and Natural Resources was held in Parliament House, this afternoon with Ch. Bilal Ahmed Virk in the chair to discuss/scrutinize budgetary proposals relating to the Public Sector Development Program (PSDP) of Ministry of Petroleum and Natural Resources for the financial year 2016-2017.

The Committee discussed and approved PSDP of M/o Petroleum and Natural Resources for financial year 2016-17 amounting to Rs.992.632 million to be spent on 3 ongoing and 2 new projects of Geological Survey of Pakistan.

While discussing the calling attention notice of Dr. Shireen Mehrunissa Mazari, MNA regarding complete lack of information about LNG deal involving huge amount of money, the Minister for Petroleum and Natural Resources informed the Committee that the government following an unbundled approach entered into separate contracts for LNG procurement and re-gasification.

He said that PSO has been authorized to purchase LNG through agreement with Qatar Gas on government to government arrangement the deliveries of LNG are expected to start in March 2016 under the 15-year Sale purchase agreement. He further informed that Engro Elengy Terminal (Pvt.), Ltd was awarded contract for establishment of LNG re-gasification Terminal through competitive bidding and fulfilling codal formalities. He said that the LNG import would minimize the gas shortfall in the country. The Committee decided to continue its discussion on the Calling Attention Notice in its next meeting.

The Committee also discussed Question moved by Mr. Iqbal Muhammad Ali Khan regard theft of oil with the connivance of employees of PSO, which was referred to the Committee by the House. The Committee was apprised that there was no theft of oil by the employees of PSO as pointed out by the member; however, there was reported theft of Oil in Oil Field in District Karak.

The Secretary M/o Petroleum informed the Committee that the reported incident of theft on Oil Field jointly owned by MOL, OGDCL and PPL was being interrogated by FIA and the same was expected to be concluded shortly. He said that the outcome of the inquiry would be presented before the Committee in its next meeting. The Committee decided to summon Officials from MOL, OGDCL, PPL, District Administration Karak and FIA to discuss the issue in its next meeting.

The meeting was attended by Mr. Shahid Khaqan Abbasi, Federal Minister for Petroleum and Natural Resources, MNAs; Mr. Muhammad Arshad Khan Laghari, Malik Ihtebar Khan, Rana Afzaal Hussain, Syed Muhammad Saqlain Shah Bukhari, Ch. Khalid Javaid Warraich, Nawab Ali Wassan, Mr. Nasir Khan Khattak, Mr. Abdul Waseem, Mr. Akram Khan Durrani, Mr. Shafqat Mehmood, Mr. Iqbal Muhammad Ali Khan, Secretary M/o P and NR and other senior officers of the concerned departments.

For more information, contact:
Karamat Hussain Niazi
Secretary
National Assembly of Pakistan
Automation Centre,
National Assembly Secretariat,
Parliament House,
Islamabad – Pakistan
Tel: +92-51-9221082-83
Fax: +92-51-9221106
Email: assembly@na.gov.pk
Website: www.na.gov.pk