Islamabad. Apropos news items appearing in the press regarding ‘Brownfield Refinery Policy’ it is being clarified that numerous meetings have been held between Oil and Gas Regulatory Authority (OGRA), refineries and the representatives of Ministry of Energy, Petroleum Division. The Brownfield Refinery Policy required to be signed enabling the existing refineries to proceed with their projects to upgrade to produce Euro-V compliant fuels, which is a project of national strategic importance.
It is pertinent to mention here that the final agreed draft of the agreement was shared with the Refineries on November 8, 2023 keeping in view the policy guidelines of the Federal Government for execution, as the Refineries have to sign the agreement with OGRA.
However, some of the Refineries have raised certain objections which are found beyond the policy guidelines of the Federal Government, therefore, not considered and the same has been raised with the federal government. The refineries have been advised to sign the agreed draft agreement within the due date, besides, one of the refineries is signing agreement with OGRA today.
OGRA clarifies Brownfield Refinery Policy
