The Cabinet Committee on Energy (CCOE) on Monday approved the Pakistan Oil Refinery Policy 2021 in principle. The Petroleum Division presented a summary of Pakistan Oil Refinery Policy 2021 for approval of the cabinet committee. Officials of The Petroleum Division said that CCOE had approved 99% of the policy. Earlier, the CCOE had approved recovery of Rs8.36 billion from Nishat Chunian Power Ltd and renegotiating the deal with IPPs under Power Policy 2002. The Power Division submitted a report of the Implementation Committee on the ratification of the IPPs Agreement, under the 2002 Power Policy.

Source: The Express Tribune September 14, 2021 03:11 UTC