OGDCL
OGRA
Oil & Gas Regulatory Authority
The Authority
Senior Officers
CHAIRMAN’S REVIEW
It gives me great pleasure to present the 7th Annual Report of OGRA’s performance for the year ended June 30, 2009 in pursuance of Section 20 (1) (a) of the OGRA Ordinance, 2002. I must first acknowledge my appreciation and gratitude for the dedicated efforts of my predecessor, our founding Chairman Mr. Munir Ahmad, and the former Members of the Authority. The result is evident from the strong regulatory institution that my new team and myself have inherited and must sustain and improve upon. Their knowledge of the petroleum industry and dedicated involvement in fulfilling the Organization’s vision deserves our sincere thanks, and would remain the beacon to guide us as we take on this mantle.
C h ai rman ’s Rev i e w
1.
The hard work of OGRA’s team of professionals has earned OGRA respect and recognition in the
Industry and from various local and international bodies including multilateral agencies.
I am confident that this Authority is well positioned to continue delivering strong performance by staying focused on its mission i.e. “Safeguard public interest through efficient and effective regulation in the midstream and downstream petroleum sector”.
During FY 2008-09 OGRA has been quite successful in achieving its objective to foster competition with increased private investment and ownership in the midstream and downstream petroleum industry and protect the public interest by providing effective and efficient regulations. The report highlights the important and considerable efforts of OGRA to implement the government’s reform agenda in the oil and gas sectors.
OGRA has made significant progress during FY 2008-09 towards furthering the objectives of its establishment. A new aspect of OGRA’s activities is that the Federal Government has transferred the management of Inland Freight Equalization Margin (IFEM) including
Oil & Gas Regulatory Authority
The Authority
Senior Officers
CHAIRMAN’S REVIEW
It gives me great pleasure to present the 7th Annual Report of OGRA’s performance for the year ended June 30, 2009 in pursuance of Section 20 (1) (a) of the OGRA Ordinance, 2002. I must first acknowledge my appreciation and gratitude for the dedicated efforts of my predecessor, our founding Chairman Mr. Munir Ahmad, and the former Members of the Authority. The result is evident from the strong regulatory institution that my new team and myself have inherited and must sustain and improve upon. Their knowledge of the petroleum industry and dedicated involvement in fulfilling the Organization’s vision deserves our sincere thanks, and would remain the beacon to guide us as we take on this mantle.
C h ai rman ’s Rev i e w
1.
The hard work of OGRA’s team of professionals has earned OGRA respect and recognition in the
Industry and from various local and international bodies including multilateral agencies.
I am confident that this Authority is well positioned to continue delivering strong performance by staying focused on its mission i.e. “Safeguard public interest through efficient and effective regulation in the midstream and downstream petroleum sector”.
During FY 2008-09 OGRA has been quite successful in achieving its objective to foster competition with increased private investment and ownership in the midstream and downstream petroleum industry and protect the public interest by providing effective and efficient regulations. The report highlights the important and considerable efforts of OGRA to implement the government’s reform agenda in the oil and gas sectors.
OGRA has made significant progress during FY 2008-09 towards furthering the objectives of its establishment. A new aspect of OGRA’s activities is that the Federal Government has transferred the management of Inland Freight Equalization Margin (IFEM) including