ISLAMABAD: Except for two private companies, the quota for liquefied petroleum gas has been abolished by the Oil and Gas Development Company (OGDCL) for all entities over the past few years, the Public Accounts Committee (PAC) learnt on Thursday.
\nOne of the two companies is Capgas, a subsidiary of the Pakistan Oil Fields Ltd, and the other \u2014 WAK Gas \u2014 is being run by some former PPP senators and Inter-Services Intelligence\u2019s ex-chief Gen Ahmed Shuja Pasha.
\nOGDCL managing director Zahid Mir informed a PAC meeting that in accordance with a policy made by the government in August 2007, his company started abolishing the quota system in a gradual manner.
\nMr Mir was responding to an audit objection to the distribution of LPG under a quota system instead of selling it through open competition.
\nHe said the OGDCL had been distributing 360 metric tonnes (MT) of LPG by quota until 2007 when it started the allocation through open bidding.
\nOne company has ISI\u2019s former director general Shuja Pasha as its group chief adviser
\nHe said the quota system had almost been revoked as 330MT of LPG is now being sold through open bidding, adding that since WAK Gas and Capgas went into litigation and obtained a stay order in their favour they continued to get the LPG under the old system because the court had directed the authorities concerned to preserve their quota till further orders.
\nAccording to the OGDCL\u2019s record, the lion\u2019s share of Adhi field \u2014 the only LPG reservoir managed by the OGDCL \u2014 was allocated to WAK Gas.
\nThe company owned by former senators Gulzar Ahmed Khan, Waqar Ahmed Khan and Ammar Ahmed Khan was given 50 per cent of the LPG quota in 1988. After his retirement in 2012, Gen Pasha joined WAK Gas as its group chief adviser. The company\u2019s website provides a brief introduction of Gen Pasha on its management page.
\nThe remaining 50pc quota from the Adhi filed was equally divided between Capgas and Sun Gas.
\nThe OGDCL record shows that the LPG quota was allocated to WAK Gas during the PPP government in 1988 when Jehangir Badar was the minister for petroleum and natural resources. After the term of the quota had expired, these companies obtained a stay order from a high court.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Except for two private companies, the quota for liquefied petroleum gas has been abolished by the Oil and Gas Development Company (OGDCL) for all entities over the past few years, the Public Accounts Committee (PAC) learnt on Thursday. One of the two companies is Capgas, a subsidiary of the Pakistan Oil Fields Ltd, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1672","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n