ISLAMABAD – Zubair Kasuri: Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) Chairman Masood Nabi and Secretary General Ibrar Khan have welcomed the government’s approval of amendments to the Pakistan Oil Refining Policy 2023, describing the decision as a major step towards modernising Pakistan’s refining industry and attracting fresh investment.
Talking to The News, Masood Nabi lauded the efforts of Federal Minister for Petroleum Ali Pervaiz Malik, saying the minister had demonstrated strong leadership and remained fully committed to addressing the long-standing challenges facing Pakistan’s refining sector. He said the approval of the amendments reflected the government’s resolve to strengthen the downstream petroleum industry and create a more investment-friendly environment.
Secretary General Ibrar Khan said the policy amendments would encourage refinery upgradation, facilitate the production of cleaner Euro-V specification fuels and enhance the competitiveness of Pakistan’s refining sector.
He appreciated the efforts of Federal Minister Ali Pervaiz Malik, saying the minister had worked tirelessly to resolve key issues faced by the refining industry. “His leadership and commitment have helped remove major policy bottlenecks, paving the way for these important reforms,” he said.
Ibrar Khan added that the amendments 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.
Both Masood Nabi and Ibrar Khan said PPEPCA looked forward to working closely with the Ministry of Petroleum, the government and industry stakeholders to ensure the effective implementation of the reforms and to help realise the full potential of Pakistan’s refining sector.
