ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) Monday said a newcriteria was being finalized for establishment of Oil Marketing Companies(OMCs) and till its approval, a moratorium would remain in place for newset up.The authority, in a statement, informed the general public, consumers andall stakeholders that Petroleum Division of the Energy Ministry was inprocess of revising the criteria for new OMCs, for which a draft summaryhad been forwarded to the quarters concerned.Accordingly, the Petroleum Division has imposed a moratorium onapplications for establishment of new OMCs by local investors with effectfrom January 9, 2019, till the new criteria is approved by EconomicCoordination Committee of the Cabinet, it said.The OGRA has been advised not to accept any new applications from localinvestors except foreign investors for issuance of licence, the authorityadded.
Federal government imposes ban on establishing new Oil Marketing Companies across Pakistan
