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Petroleum policy needs a paradigm shift M.S.Hasan(Business recorder 02/14/09) Article reviewed by   SaadSarfraz
Brief overview Petroleum policy 2009 Up and down stream segment of the petroleum sector Policy formulation and foreign companies operating in Pakistan  Role of MPNR1 Consolidation of OGDCL2 and PSO3 Suggested site and strategic significance Impact on general business environment  1Ministry of Petroleum and Natural Resources 2 Oil and Gas Development Company Limited  3Pakistan State Oil
Segments of Petroleum Sector  Upstream Sector Searching recovery and production of crude oil and natural gas.  OGDCL Downstream Sector  Refining of crude oil, and the selling and distribution of natural gas and product derivatives PSO
Policy formulation Role of foreign companies Greatest Interest Ambassadors of investment   MPNR to re-orientate its policies
Policy by MPNR (Ministry of Petroleum and Natural Resources) Suggested course of action Help meet legitimate business objectives  Afford opportunities to expand Adequate incentives  Tax relief Rebates Reduction in custom duties  Corporate tax Engineer and define vision for growth Fossil fuel security
Consolidation of OGDCL and PSO Constraints Structural and financial deficiencies  Financial indiscipline Status , lethargy and inertia  Opportunities Integration of up and down stream segments Crude oil trading Product swap arrangement  Acquiring refining capacities
Suggested Site  Gwadar port Center of logistics Staging board for petroleum industry Compete with similar industries in Middle East Storage facilities for drilling rigs , equipment etc . “It will take only the astute business leaders ,with vision ,streaks of a maverick and ability to design , create ingenious concepts and an unflinching passion to achieve difficult objectives”.
Conclusion  Conducive business Practices  Market Pakistan in a positive manner Investor friendly environment MPNR should make a paradigm shift in its policies

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Petroleum policy needs a paradigm shift

  • 1. Petroleum policy needs a paradigm shift M.S.Hasan(Business recorder 02/14/09) Article reviewed by SaadSarfraz
  • 2. Brief overview Petroleum policy 2009 Up and down stream segment of the petroleum sector Policy formulation and foreign companies operating in Pakistan Role of MPNR1 Consolidation of OGDCL2 and PSO3 Suggested site and strategic significance Impact on general business environment 1Ministry of Petroleum and Natural Resources 2 Oil and Gas Development Company Limited 3Pakistan State Oil
  • 3. Segments of Petroleum Sector Upstream Sector Searching recovery and production of crude oil and natural gas. OGDCL Downstream Sector Refining of crude oil, and the selling and distribution of natural gas and product derivatives PSO
  • 4. Policy formulation Role of foreign companies Greatest Interest Ambassadors of investment MPNR to re-orientate its policies
  • 5. Policy by MPNR (Ministry of Petroleum and Natural Resources) Suggested course of action Help meet legitimate business objectives Afford opportunities to expand Adequate incentives Tax relief Rebates Reduction in custom duties Corporate tax Engineer and define vision for growth Fossil fuel security
  • 6. Consolidation of OGDCL and PSO Constraints Structural and financial deficiencies Financial indiscipline Status , lethargy and inertia Opportunities Integration of up and down stream segments Crude oil trading Product swap arrangement Acquiring refining capacities
  • 7. Suggested Site Gwadar port Center of logistics Staging board for petroleum industry Compete with similar industries in Middle East Storage facilities for drilling rigs , equipment etc . “It will take only the astute business leaders ,with vision ,streaks of a maverick and ability to design , create ingenious concepts and an unflinching passion to achieve difficult objectives”.
  • 8. Conclusion Conducive business Practices Market Pakistan in a positive manner Investor friendly environment MPNR should make a paradigm shift in its policies