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September 4, 2015

KPOGCL to take up LPG issue with federal govt

Peshawar

September 4, 2015

PESHAWAR: Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) has decided to take up the issue of locally produced Liquefied Petroleum Gas (LPG) with the federal government so that the province could use the utility to meet its energy needs.
Briefing reporters on Thursday, Chief Executive Officer (CEO) KPOGCL Raziuddin Razi said that as enshrined in Article 158 of the Constitution, the province had the right to use the natural resources being explored and produced here. “Therefore we are taking the case to the federal government and the court if needed so that we can utilise our resource of LPG and raise its production from the current 339 metric tonnes to 2000 tonnes. We want to distribute the utility from southern parts of the province right to Chitral district,” Razi said.
He added that the KPOGCL along other resources want to develop the LPG and its use for household and automotive use as it costs too much to the exchequer.
About the oil production of the province, he said the province was investing bullishly in oil and gas to produce more and more oil, gas and LPG not to only strengthen its once fragile economy, but also to provide these utilities to oil and gas deficient Punjab.
He said that 50,000 barrel per day (bpd) of crude oil, worth Rs300 million is being produced in the province that is over 50 percent of the total national production of 92,000 bpd.
The CEO said that only two years ago crude oil production of Khyber Pakhtunkhwa was 30,000 bpd, but after recording a whopping increase of 60 percent it has now jumped up to 50,000 bpd thus saving Rs45 billion foreign exchange for the country.

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