Synopsis
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) held a meeting with the leading Oil Marketing Companies (OMCs) and Oil Companies Advisory Council (OCAC) representatives on March 24, a statement said.
Ogra Chairman Masroor Khan, chaired the meeting along with (Oil)-Ogra Member Zain-ul-Abideen Qureshi, senior executive directors and other key officers.
All issues including the current scenario relating to PDC, IFEM matters, industry reservations on certain matters, oil industry suggestions and proposals aimed at protecting national interest were discussed.
The meeting also discussed the promotion of fair competition, genuine issues of the oil industry requiring urgent attention for resolution through mutual dialogue.
All stakeholders and attendees were very keen in voicing their issues and concerns along with possible solutions within the ambit of the law and rules.
Ogra’s presence at Karachi amongst the stakeholders was seen as a positive visibility gesture.
The stakeholders were assured by the Ogra chairman of an expeditious solution to all outstanding and current issues and it was unanimously agreed to make joint and concerned efforts in tackling all challenges being faced by the oil industry.
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