Report on Oil and Gas Industry in Pakistan

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Report No. 26072-PK

Pakistan: Oil and Gas Sector Review

July 10, 2003

Oil and Gas Policy Division Oil, Gas, Mining and Chemicals Department Private Sector Development and Infrastructure

Document of the World Bank

Currency Equivalents
Currency Unit = Rupees (Rs) Rs. 1.00 = Paisa 100 US$1.00 = Rs. 58.35 * Rs. 1.0 = US$0.017138 Rs. 1,000,000 = US$17,138 *As of December 31, 2002

Measures And Equivalents
1 Kilometer (km) 1 Cubic Meter (m3) 1 Cubic Meter (m3) 1 Thousand Cubic Feet (MCF) 1 Billion Cubic Feet (bcf) 1 Million Cubic Feet (MMCF) 1 Million Cubic Feet (MMCF) 1 Mega Joule (MJ) 1,000,000 Joules 1 Kilocalorie (kcal) 1 barrel (bbl) 1 Cubic Meter 1 Ton 1 Kilogram (kg) 1 MMT = = = = = = = = = = = = = = = 1,000 meters = 0.6214 miles (mi) 1,000 liter 35.33 cubic feet 28.30 m3 28.30 million m3 1.081 GigaJoules (GJ) 1. 025 billion British Thermal Unit (billion BTU) 1 million Joules 948 BTU 3.97 BTU 159 liter 6.29 bbl 1,000 Kilogram (kg) 2.2046 pounds (lb) 1 million ton

Abbreviations and Acronyms
ADB AG AJK ARL C&F CIDA CIF CIM CNG COS DGG DGO DGPC DWT E&P EIA EPA FATA FO FOB FOTCO FSU GDS Asian Development Bank Arab Gulf Azad Jammu & Kashmir Attock Refinery Limited Cost and Freight Canadian International Development Agency Cost, Insurance, and Freight Central Inspectorate of Mines Compressed Natural Gas Cost of Service Directorate General Gas Directorate General Oil Directorate General Petroleum Concession Dead Weight Tons Exploration and Production Environmental Impact Assessment Environmental Protection Agency Federally Administered Tribal Areas Fuel Oil Freight on Board Fauji Oil Terminal Company Former Soviet Union Gas Development Surcharge

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GoP GPA GSA GST HOBC HSD HSFO IMF IOC IPP IPP KAPCO KESC KMK KPC KPT LDO LNG LPG LSFO MCA MFM MGCL MJPP MMBUTU MMCFD MMCFT MPNR MS MTJPP NEQS NGRA NLC NRL NTC NWFP O&M OCAC OECD OGDCL OGRA OMC PARCO PCA PDM PEPA PEPP PEPP PIHS PMY PNSC POL

Government of Pakistan Gas Purchase Agreement Gas Supply Agreement General Sales Tax High Octane Blending Component High Speed Diesel High Sulfur Fuel Oil International Monetary Fund International Oil Company Import Parity Price (see context) Independent Power Project (see context) Kot Addu Power Company Karachi Electricity Electricity Supply Company Karachi to Mahmood Kot pipeline Kuwait Petroleum Company Karachi Port Trust Light Diesel Oil Liquefied Natural Gas Liquefied Petroleum Gas (cooking gas) Low Sulfur Fuel Oil Monopoly Control Authority Mahmood Kot to Faisalbad-Machike Mari Gas Company Ltd. Machike-Taru Jabba Pipeline Project Million British Thermal Units Million Cubic Feet per Day Million Cubic Feet Ministry of Petroleum and Natural Resources Motor Spirit (Gasoline) Machike-Taru Jabba Pipeline Project National Environmental Quality Standards Natural Gas Regulatory Ordinance National Logistics Cell National Refinery Ltd. National Tanker Company North West Frontier Province Operation and Maintenance Oil Companies Advisory Committee Organisation for Economic Cooperation and Development Oil and Gas Development Company Ltd. Oil and Gas Regulatory Authority Oil Marketing Company Pakistan Arab Refining Company Production Concession Agreement Petroleum Downstream Market Pakistan Environmental Protection Agency Petroleum Exploration and Production Policy Petroleum Exploration and Production Policy Pakistan Integrated Household Survey Ex-Pipri Marshaling Yard Pakistan National Shipping Corporation Pakistan Oil Fields, Ltd.

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PPEPCA PPL PQA PR PRL PRL PSA PSO RoR RR SMART SNGPL SSGC T&Ds TCF TPA TPES UFG WAPDA WHO WOPP

Pakistan Petroleum Exploration and Production Companies’ Association Pakistan Petroleum Limited Port Qasim Authority Pakistan Railways Pakistan Refinery Ltd. Pakistan Refinery Limited Production Sharing Agreement Pakistan State Oil (Marketing Company) Rate of Return Revenue Requirements Self-Monitoring and Reporting Tool Sui Northern Gas Pipeline Company Ltd Sui Southern Gas Company Gas...
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