The Senate Standing Committee on Petroleum has asked the Ministry of Petroleum to carry out cost analysis of power production through imported LNG by establishing an LNG terminal and through furnace oil by a modern and latest power plant.
In its periodic report submitted in the Senate on Friday, the committee recommended that the agreements made for import of LNG and establishment of LNG terminals may be investigated by the NAB and a report thereof be sent to the committee.
The Petroleum Division should implement the recommendations of the Senate Special Committee on GIDC for captive power companies and industrial sector. The Petroleum Division should take effective measures to keep the summary/news of increase in prices of petroleum products confidential to protect the interests of consumers.
The OGDCL and PPL will install 10 RO plants in district Sanghar with coordination of the Public Health Engineering and Rural Department, government of Sindh. The committee recommended the representation of Senators in the committees constituted for carrying out social welfare schemes under CSR obligations.
The committee directed that deemed duty on POL products, being an unfair advantage to the inefficient oil refineries, may be abolished and parameters of quality of those products be brought at par with the international standards.
The committee directed PSO to make a comprehensive plan for reducing the demurrages on POL products. The committee recommended that two piers should be dedicated for POL imports and KPT to reduce demurrages. The committee also directed that oil be imported through large vessels instead of small ones in order to reduce burden on ports.
The committee recommended that the Petroleum Division should probe why the PGPCL terminal 2 is being underutilised which results in high penalties. The committee further directed that the amount of Rs 51 billion penalty on account of delayed commercial start of Terminal 2 including the amount of customs and other duties on the part of FRSU be recovered.
The committee directed PSO to make its monitoring system more effective so that complaints regarding sale of fake and substandard products at its petrol pumps and distribution points can be controlled.
The committee recommended that a mechanism should be introduced whereby the districts where oil and gas fields are located should be given share from the royalty collected by the provincial governments on account of those fields.
The committee directed that district administration should review the environmental studies conducted on the oil and gas exploration sites on regular intervals.
The committee recommended that all E&P companies operating in districts to recruit local people on priority basis and should ensure that contractors working on their behalf also follow the same policy. The committee directed that a time-line should be given to the companies operating in Kohlu to expedite the work on exploration of gas in the fields, failing which the same should be re-auctioned. The committee also directed that progress report on the exploration of gas in Kohlu should be presented to the committee on a quarterly basis.
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