Petroleum Ministry’s PSDP proposals worth Rs992.632m approved

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Mian Arshad

Islamabad—The National Assembly Standing Committee on Petroleum and Natural Resources, Tuesday, approved Public Sector Development Program (PSDP) amounting to Rs.992.632 million of Ministry of Petroleum and Natural Resources for financial year 2016-17. PSDP proposals have been approved for three ongoing and two new projects of Geological Survey of Pakistan.
NA committee met here 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. 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 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.

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