Tag: CCI

Renewal of Sui Mining Lease (Sui ML) Agreement between Balochistan Government and PPL Decided

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Gas-Project

The federal government has made the decision to renew the Sui Mining Lease (Sui ML) agreement between the Government of Balochistan and Pakistan Petroleum Limited (PPL) for a duration of 10 years, commencing from June 1, 2015, to May 31, 2025. This renewal entails a firm payment of Rs 36 billion and a contingent payment of Rs 24 billion, totaling Rs 60 billion, according to sources familiar with the matter. During a meeting of the Council of Common Interests (CCI) on January 29, 2024, the Petroleum Division was directed to…

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Draft LPG policy aimed at boosting local production finalised

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lpg

ISLAMABAD: Ministry of Energy (Petroleum Division) has finalised draft of Liquefied Petroleum Gas (LPG) Policy 2024, envisaging substantial fiscal incentives to promote domestic LPG production, its import and marketing. According to the summary of draft policy 2024 to be presented to the Council of Common Interests (CCI) for consideration, all LPG producers will dedicate up to 10% of their production to Suis for LPG Air-Mix Plants(s) developed and operated by Suis and 5% to Marketing Companies (MCs) for supplies in AJK and GB. Remaining production will be marketed through their…

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