Oil and Gas

OMCs built additional oil storage of 95,379 MT in FY 2020-21

Karachi, September 23, 2022: Oil Marketing Companies have built an additional oil storage of 95,379 MT including 50,019 MT of Motor gasoline and 45,360 MT of High Speed Diesel in the country during the financial year 2020-21.

This was stated by Chairman OGRA in his message in the authority’s annual report for fiscal year 2020-21.

Also, a number of Oil Storages are expected to be completed at various locations in the current financial year while one oil refinery is expected to announce the commencement of its construction work.

Similarly, an Oil Pipeline & associated infrastructure is anticipated to initiate construction by Frontier Oil Company 1(FOC1).

Moreover, dualization of White Oil Pipeline, improvement in White Oil infrastructure at Port Qasim, and link line between Keamari and Ports Qasim will also be done this financial year.  

Meanwhile, OGRA has granted construction licenses in April 2021 to two private sector companies i.e. Energas Terminal Private Limited (ETPL) and Tabeer Energy Private Limited (TEPL) for development of LNG import and re-gasification Terminals including all allied facilities at Port Qasim, Karachi as an integrated project under Clause 2(a) of the LNG Policy, 2011.

The project developers are yet to commence construction of the terminals and are working on completing all the requirements of the LNG supply chain which includes the pipeline capacity to be allocated by the Sui companies.

Besides, OGRA has granted provisional license to two companies i.e. Daewoo Gas Private Limited (DGPL) and LNG Easy Private Limited (LNGe) for a period of 12 months to complete the requisite formalities under the prevalent rules to undertake the LNG regulated activities.

Moreover, 3 new applicants for the virtual pipeline projects have submitted applications to OGRA for the grant of provisional license which are presently under evaluation.

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