Petroleum Division (Pakistan)

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Petroleum Division
Coat of arms of Pakistan.svg
Agency overview
FormedApril 1977 (April 1977)
Jurisdiction Government of Pakistan
HeadquartersBlock A, Pak Secretariat
Islamabad, ICT, Pakistan. 44000.
Minister responsible
Agency executive
Parent department Ministry of Energy
Website petroleum.gov.pk

The Petroleum Division, is a part of Ministry of Energy (Pakistan) responsible for ensuring the availability and security of sustainable supply of oil and gas for economic development and strategic requirements of Pakistan and to coordinate development of natural resources of energy and minerals. [1]

Contents

Formerly a separate ministry, it was converted into Petroleum Division and merged into Ministry of Energy in August 2017. [2]

History of the Ministry

Petroleum & Natural Resources Division was created in April 1977. Prior to that Petroleum and Natural Resources was part of the Ministry of Fuel, Power and Natural Resources.

Wings /Sections

Organizations

Geological Survey of Pakistan

The Geological Survey of Pakistan is an autonomous and independent institution under Ministry of Petroleum and Natural Resources which is tasked and mandate with advancing the geoscience knowledge and carrying out systematic studies on official mapping and area surveying. [3]

Government Holdings Private Limited

Government Holdings Private Limited (GHPL) was registered as private limited company in 2000 under the Companies Ordinance 1984. It is 100% owned by the Government of Pakistan and operates under the Ministry of Petroleum and Natural Resources. The purpose of creating this company was to separate the regulatory and commercial functions to efficiently manage the Government's interest in petroleum exploration and production joint ventures which was previously managed by Directorate General of Petroleum Concession. GHPL had a mandatory 5% interest in all Exploration Licenses granted by the Government during the exploration phase which was to be carried by other joint venture partners. This working interest was to increase in case of commercial discovery from 15% to 25% depending on the discovery zone. [4]

Oil and Gas Development Company

OGDCL is the national oil & gas company of Pakistan and the flagship of the country's exploration and production sector. [5]

Pakistan Mineral Development Corporation

PMDC is an autonomous corporation under the administrative control of Ministry of Petroleum and Natural Resources, Government of Pakistan. It was established in 1974 to expand and help mineral development activities in the country. It is involved in exploration and evaluation of economic mineral deposits, preparation of techno-economic feasibility reports, mining and marketing. [6]

Pakistan Petroleum

Pakistan Petroleum Limited (Reporting name: PPL or PP) was incorporated on June 5, 1950, when it inherited the assets and liabilities of the Burmah Oil Company Ltd.

The company is headquartered in Karachi. It operates major oil and gas fields, including the Sui gas field, has non-operating interests in other fields, and has an interest in an exploration portfolio onshore and offshore. [7]

Inter State Gas Systems

Inter State Gas Systems (Private) Limited (ISGS) was established in 1996 as a private limited company.

In order to meet the growing energy deficit in the country, the Government of Pakistan (GOP), besides encouraging local exploration and production, plans to import natural gas from across its borders from Iran and Turkmenistan.

ISGS has been mandated by the Government to develop natural gas import projects, and to serve as an interface between the GOP and other national and international agencies for the import and storage of natural gas in Pakistan. [8]

Saindak Metals Limited

Saindak Copper-Gold Project of Saindak Metals Limited (SML) is an organization of Ministry of Petroleum and Natural Resources, Government of Pakistan engaged in exploration processing of copper-gold, silver and allied minerals. [9]

Lakhra Coal Development Company Limited

Lakhra Coal Development Company Limited (LCDC), was incorporated as a Public Limited Company in 1990 under Companies Ordinance 1984. The company is a joint venture of Pakistan Mineral Development Corporation (PMDC), Government of Sindh (GOS) and Water & Power Development Authority (WAPDA).

Prime objective of the company is to develop Lakhra Coal Mines to supply coal to 150 MW Thermal Plant of LPGCL (WAPDA) at Khanote which was originally planned for 6x50 MW with annual coal consumption of 15,00,000 M.Tonnes. [10]

See also

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References

  1. "Home Page". www.mpnr.gov.pk. Archived from the original on 2014-05-17. Retrieved 2014-05-21.
  2. "Pakistan PM creates new ministries". Gulf-Times. 6 August 2017. Archived from the original on 2017-08-05. Retrieved 6 August 2017.
  3. "Archived copy" (PDF). Archived from the original (PDF) on 2015-09-24. Retrieved 2014-07-16.{{cite web}}: CS1 maint: archived copy as title (link)
  4. "{title}". Archived from the original on 2015-02-19. Retrieved 2014-07-16.
  5. "::OGDCL - History". Archived from the original on 2014-03-29. Retrieved 2014-07-16.
  6. "..:: P M D C ::." www.pmdc.gov.pk. Archived from the original on 2014-07-16. Retrieved 2014-07-16.
  7. "Overview". Ppl.com.pk. Archived from the original on 2018-07-28. Retrieved 2018-08-14.
  8. http://www.linkedin.com/company/inter-state-gas-systems-isgs- [ self-published source ]
  9. "{title}". Archived from the original on 2016-03-04. Retrieved 2014-07-16.
  10. "{title}". Archived from the original on 2016-03-04. Retrieved 2014-07-16.