Sunday, 9 April 2017

OGDCL paid Rs 229.733b royalty to provinces in 15 years.

The Oil and Gas Development Company (OGDCL) has made payments of around Rs 229.733 billion on account of oil and gas royalty to the provinces during the last 15 years, official sources said on April 10, 2016.

The OGDCL has paid around Rs 229,733 million royalties to Sindh, Khyber Pakhtunkhwa, Punjab, and Baluchistan provinces from the financial year 2001-02 to 2015-16.

The company paid Rs 124.558 billion to Sindh, Rs 50.327 billion to Khyber Pakhtunkhwa, Rs 35.244 billion to Punjab, Rs 19.645 billion to Baluchistan.

The National Assembly Standing Committee on Petroleum and Natural Resources has recently directed all the provinces to submit detailed reports with regard to the distribution of the royalty among oil and gas producing districts. The body has also asked the provincial energy departments to furnish reports on gas theft incidents and their strategy to prevent them.