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