AGL 8.39 Increased By ▲ 0.06 (0.72%)
ANL 10.90 Increased By ▲ 0.20 (1.87%)
AVN 79.10 Increased By ▲ 0.91 (1.16%)
BOP 5.70 Increased By ▲ 0.13 (2.33%)
CNERGY 5.56 Increased By ▲ 0.18 (3.35%)
EFERT 78.80 Increased By ▲ 0.15 (0.19%)
EPCL 67.56 Decreased By ▼ -0.23 (-0.34%)
FCCL 14.60 Increased By ▲ 0.10 (0.69%)
FFL 6.67 Increased By ▲ 0.07 (1.06%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.49 Increased By ▲ 0.15 (1.32%)
GGL 17.54 Increased By ▲ 0.30 (1.74%)
GTECH 8.37 Increased By ▲ 0.07 (0.84%)
HUMNL 7.15 Increased By ▲ 0.09 (1.27%)
KEL 3.17 Increased By ▲ 0.09 (2.92%)
LOTCHEM 34.54 Increased By ▲ 1.67 (5.08%)
MLCF 28.45 Increased By ▲ 0.15 (0.53%)
OGDC 85.85 Increased By ▲ 1.30 (1.54%)
PAEL 16.59 Increased By ▲ 0.14 (0.85%)
PIBTL 6.06 Increased By ▲ 0.21 (3.59%)
PRL 18.55 Increased By ▲ 0.43 (2.37%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.33 Increased By ▲ 0.23 (2.07%)
TPL 9.18 Increased By ▲ 0.18 (2%)
TPLP 20.30 Increased By ▲ 0.42 (2.11%)
TREET 27.21 Increased By ▲ 0.59 (2.22%)
TRG 96.24 Increased By ▲ 1.74 (1.84%)
UNITY 20.66 Increased By ▲ 0.29 (1.42%)
WAVES 13.80 Increased By ▲ 0.17 (1.25%)
WTL 1.30 Decreased By ▼ -0.01 (-0.76%)
BR100 4,252 Increased By 43.6 (1.04%)
BR30 15,664 Increased By 218.5 (1.41%)
KSE100 42,634 Increased By 390.9 (0.93%)
KSE30 16,125 Increased By 153.7 (0.96%)

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has stated that as representatives of the oil industry, they are working closely with the Ministry of Energy to develop the Refinery Policy 2021, thereby, reducing national dependence on imports and lessening the hit on foreign exchange of the country.

“We appreciate the support of Minister of Energy Hammad Azhar, Secretary Petroleum Dr. Arshad Mahmood, members CCoE, and other stakeholders in working jointly with us to help make a better and cleaner Pakistan,” it states.

The refinery policy draft was discussed threadbare at all forums and it is in the process of approval by relevant authority. This policy, which is expected to be formally approved soon, will attract foreign direct investment (FDI) of billions of dollars, the OCAC states.

The OCAC states, “This is to make known that some fake content titled “Urgent Appeal” is doing rounds on the social media and messaging apps bearing no connection to the oil refinery”.

It further states, “We wish to confirm that the said content is fake, inaccurate, illegal, false, misleading and fabricated. This is an attempt to malign and mar the reputation of the oil industry”.

Copyright Business Recorder, 2021

Comments

Comments are closed.