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 About
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OIL COMPANIES ADVISORY COMMITTEE
The Downstream Oil
Sector (Refining, Marketing, Distribution) plays a very significant role in
Pakistan’s economic development, ensuring uninterrupted supply of petroleum
product to the country in order to keep the wheels of the economy moving. With
an annual sales of Rs. 1 trillion, direct employment of over 100,000 people,
indirect employment (transport sector) of another 24,000 persons, capital
investment of over 30 billion Pak Rupees over last 5 years, annual generation
of taxes around Rs. 200 Billion, a world class IT infrastructure, skill sets
ranging from Technical, IT, Finance, Sales, Marketing & HR, and plans
initiated for provision of better product and better service, the Downstream
Oil Sector is a significant contributor to the national well-being.
The
members of OCAC currently comprise of the country’s five Refineries (Pak-Arab
Refinery Limited PARCO, National Refinery Limited NRL, Pakistan Refinery
Limited PRL, Attock Refinery Limited ARL and Bosicor Pakistan Limited BPL), Ten
Oil Marketing Companies (Pakistan State Oil Co. Limited PSO, Shell Pakistan
Limited SPL, Chevron Pakistan Limited CPL, Attock Petroleum Limited APL, Total
Parco Pakistan Limited TPPL, Admore Gas (Pvt) Limited AGPL, Hascombe Storage
Limited HSL, Askar Oil Services (Pvt) Limited ASOPL, Overseas Oil Trading Co.
(Pvt) Limited OOTCL, Bakri Trading Company Pakistan (Pvt) Limited BTCPL) and
one Pipeline Transportation Company (Pak-Arab Pipeline Co. Limited PAPCO). New
entrants in the refining sector are coming in the country and the number of
member companies is likely to increase.
The
significant objectives of the Committee are as under:
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To represent the downstream oil industry at various forums in
matters of common interest affecting their operations in Pakistan
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To establish short/long range demand/supply balances for various oil
products and advise the Government and Member Companies in this respect
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To pro-actively plan any Infrastructure Upgrades De-bottlenecking
needed as per medium/long term petroleum product availability projections
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To collect, prepare and circulate various trade statistics and other
relevant information to member companies as well as the Government
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To comment on and convey collective views of various members on
matters concerning the oil industry’s well being such as proposed legislation
relating to taxation and other fiscal measures
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Develop plans/suggestions to help Government to streamline the oil
and gas sector
The
oil industry has seen considerable change over the last 30 years. From an era
of nationalization and governmental controls in the 1970s, the Industry is
being gradually deregulated. Pakistan is deficit in crude oil, diesel and fuel
oil. The Government has given permission to bulk consumers and traders to
import fuel oil while bulk consumers have also been given permission to import
diesel.
In
order to coordinate all activities, OCAC plays a pivotal role in rationalizing
these imports in such a manner that supply/demand is balanced. It is also a
focal body for the Government and other agencies to interact with the oil
industry.
Health
Safety and Environment (HSE) is a very important aspect within the oil industry.
There is also a growing awareness within the public that had hitherto not been
present. To coordinate implementation of HSE standards within the oil industry,
OCAC has set up a separate sub-committee for this purpose. This provides a forum
to member companies who, even whilst competing in the market place, cooperate
in HSE matters. This provides an opportunity to the members in sharing information
and expertise, which in turn helps them in safe operations.
The
OCAC is governed by a Main Committee comprising of the Chief Executives of each
of the member companies. A Chairman who is nominated from among the member
companies for a working term of one calendar year, heads the Main Committee.
OCAC’s overall functioning is the responsibility of the Secretary General who
is assisted by two Secretaries. The Secretaries are responsible for various
sub-committees, which form the focus groups from within the industry that
deliberate upon various issues and come up with the recommendations.
Some
of the areas of OCAC work and areas of focus are:
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Effective petroleum product supply logistics management
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Plan to overcome any port constraints
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Identifying the right energy wise for Pakistan
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Petroleum product improvement plans: better, more environment
friendly product for the Pakistani consumer
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Follow-up with the Ministries of Petroleum and Finance to ensure the
continued viability of the Downstream Oil Sector
OCAC SUB-COMMITTEES
• Licensing and Supply Sub-Committee
• Distribution Sub-Committee
• Rules Sub-Committee
• Refining and Technical Sub-Committee
• Finance Sub-Committee
• Trade Estimates Sub-Committee
• CNG Sub-Committee
• HSSE Sub-Committee
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