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The Inland Freight Equalization Margin (IFEM) is a regulatory measure implemented in Pakistan to equalize the price of petroleum products across different regions of the country. [ 1 ] [ 2 ] It includes the costs for refineries to transport crude oil from its source to their facilities, as well as the expenses for Oil Marketing Companies (OMCs ...
The Pakistani government is looking to tame inflation with fuel price cuts and a price-control mechanism, caretaker Prime Minister Anwaar ul Haq Kakar said on Monday. The South Asian country is ...
The crude oil that is produced in Pakistan gets refined at home at five oil refineries which are Cnergyico Pk Limited, Pak-Arab Refinery Company Limited , Pakistan Refinery Limited, Attock Refinery Limited, and National Refinery Limited. [7] The combined processing capacity of these five refineries is roughly 420,000 barrels per day.
There are five main oil refineries in Pakistan with a combined capacity of approximately 450,000 barrels of crude oil per day (bpd), equivalent to 20 million tonnes per annum. [8] Cnergyico PK Limited is the largest oil refiner, with its oil refining complex in the Balochistan province able to refine up to 156,000 barrels per day of crude oil. [9]
The Petroleum Division, part of Pakistan's Ministry of Energy, is tasked with ensuring a secure and sustainable supply of oil and gas to meet the country's economic and strategic needs. It also oversees the development of natural energy resources and minerals. [ 1 ]
Pakistan State Oil is a Pakistani petroleum corporation involved in marketing and distribution of petroleum products. [3] It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers. It is the largest fuel marketing company of Pakistan. [4] [5] [3] [6]
Oil & Gas Regulatory Authority (Urdu: اختیاریہ برائے ضابطہَ تیل و گیس, abbreviated as OGRA) is an agency of the Government of Pakistan, responsible for regulating the oil and gas sector in Pakistan. It was established in 2002. [1] [2]
[4] [5] A year later, in 2002, Mari Gas, Total, and their contracting partners—Petronas, OMV, and the Oil and Gas Development Company—signed Pakistan's first-ever Production Sharing Agreements (PSAs) with the Government of Pakistan. [6] In November 2012, Mari Gas Company was renamed as Mari Petroleum Company Limited. [7]