Ex­perts warn of bleak fu­ture if fed­er­a­tion, prov­inces fail to re­solve post-18th amend­ment im­passe

Daily Messenger - - Biz -

IS­LAM­ABAD: En­ergy ex­perts and pol­icy an­a­lysts at a round­table or­ga­nized at In­sti­tute of Pol­icy Stud­ies (IPS) have warned that if im­me­di­ate mea­sures are not taken by the fed­er­a­tion and the prov­inces to sort out their pol­icy dif­fer­ences on the in­ter­pre­ta­tion and ap­pli­ca­tion of the 18th con­sti­tu­tional amend­ment vis-à-vis oil and gas ex­plo­ration, the con­se­quences could be dis­as­trous.

Be­cause of the im­passe there has been a com­plete halt on ex­plo­ration ac­tiv­i­ties since 2014 and the ma­jor multi­na­tional com­pa­nies in the sec­tor have ei­ther left or are at the verge of clos­ing their busi­ness op­er­a­tions in the coun­try, they lamented.

The pol­icy di­a­logue ti­tled “Sta­tus of Petroleum E&P in Pak­istan: A De­lib­er­a­tion on Fu­ture Strat­egy” chaired by Mirza Hamid Has­san, Mem­ber IPS Na­tional Aca­demic Coun­cil (NAC) & Chair­man IPS Steer­ing Com­mit­tee on En­ergy, Wa­ter and Cli­mate Change; whereas Mo­ham­mad Raz­i­ud­din, CEO, Khy­ber Pakhtunkhwa Oil & Gas Com­pany Lim­ited (KPOGCL) de­liv­ered a key­note pre­sen­ta­tion on the progress of his or­ga­ni­za­tion and the chal­lenges it has been faced with. It was fol­lowed by an in­ter­ac­tive ses­sion among the par­tic­i­pants in­clud­ing Ash­faq Mehmood, for­mer fed­eral sec­re­tary, Muham­mad Arif, Pres­i­dent, Pak­istan En­ergy Lawyers As­so­ci­a­tion, Sal­man Amin, ex­ec­u­tive di­rec­tor, NEPRA (Tar­iff di­vi­sion), Ab­dul Qadus Khan, Pro­vin­cial Di­rec­tor (Balochis­tan), Direc­torate Gen­eral Petroleum Con­ces­sion (DGPC), Khalid Rahim, ad­vi­sor, Cen­tre for Global & Strate­gic Stud­ies, Javaid Akhtar, en­ergy lawyer, Ahmed Saeed, deputy di­rec­tor of Ari­zona State Univer­sity’s US-Pak­istan Cen­ter for Ad­vanced Stud­ies in En­ergy (USPCASE) at Na­tional Univer­sity of Sci­ence & Tech­nol­ogy (NUST) among oth­ers.

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