ISLAMABAD – Zubair Kasuri: Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) Secretary General Ibrar Khan has welcomed the government’s approval of amendments to the Pakistan Oil Refining Policy 2023, saying the reforms mark a major step towards modernising the country’s refining industry and attracting fresh investment.
Talking to The News, Ibrar Khan said the policy amendments would encourage refinery upgradation, facilitate the production of cleaner Euro-V specification fuels and strengthen Pakistan’s downstream petroleum sector.
He appreciated the efforts of Federal Minister for Petroleum Ali Pervaiz Malik, saying the minister had worked tirelessly to address long-standing issues faced by the refining industry. “His leadership and commitment have helped resolve key policy challenges, paving the way for the approval of these important amendments,” he said.
Ibrar Khan added that the reforms would reduce Pakistan’s dependence on imported refined petroleum products, improve fuel quality, enhance domestic refining capacity and contribute to the country’s long-term energy security.
He said PPEPCA looked forward to working closely with the Ministry of Petroleum, the government and other industry stakeholders to ensure the successful implementation of the reforms and to unlock the full potential of Pakistan’s refining sector.
