OGRA bans establishment of new oil marketing companies

MG News | January 30, 2019 at 09:31 AM GMT+05:00

0:00

January 30, 2019: Oil and Gas Regulatory Authority (OGRA) has banned establishment of new oil marketing companies in the country until a new criteria for setting up oil marketing companies is approved by Economic Coordination Committee of the Cabinet.

In a statement, the authority informed the general public, consumers and all stakeholders that Petroleum Division of the Energy Ministry is in process of revising the criteria for new oil marketing companies, for which a draft summary had been forwarded to the quarters concerned.

The authority has been advised not to accept any new applications from local investors except foreign investors for issuance of license.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,819.79 75.92M	0.74% 1188.06
ALLSHR	99,065.45 187.69M	0.83% 810.72
KSE30	49,532.92 52.84M	0.32% 155.63
KMI30	234,351.65 19.53M	0.71% 1651.36
KMIALLSHR	64,737.32 56.76M	0.87% 557.72
BKTi	46,320.24 35.38M	-0.03% -13.93
OGTi	31,725.57 1.58M	1.16% 362.84

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,435.00	111,290.00 107,980.00	-1885.00 -1.71%
BRENT CRUDE	64.95	65.26 64.89	0.18 0.28%
RICHARDS BAY COAL MONTHLY	86.00	86.00 86.00	-1.90 -2.16%
ROTTERDAM COAL MONTHLY	96.50	99.00 96.50	-2.70 -2.72%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.14	61.48 61.10	0.16 0.26%
SUGAR #11 WORLD	14.42	14.49 14.20	0.14 0.98%