ISLAMABAD: In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority (OGRA) and Pakistan Refinery Limited (PRL) have officially inked a pivotal upgrade agreement Thursday. Following extensive deliberations, consultations, and a series of meetings with key stakeholders, the agreement marks a significant milestone for the energy sector. “After a marathon of meetings, consultations, and deliberations with the stakeholders, the agreement was finalized, and by the grace of Almighty Allah, we have signed the first one with PRL,” stated Masroor Khan, Chairman of the Oil and Gas Authority. The Brownfield Refinery Policy, a critical component of the national strategic framework, necessitated these agreements to facilitate existing refineries in advancing their projects towards producing Euro-V compliant fuels. The implementation of this policy is poised to usher in positive transformations within the oil sector of Pakistan. DNA
