Experts discuss upgrading of refineries and expansion of LPG industry

Experts discuss upgrading of refineries and expansion of LPG industry during an energy sector think-tank’s meeting.

The think tank held its second meeting on Monday and discussed matters related to up-gradation of refineries, fuel pricing, oil depots’ automation and expansion of Liquefied Petroleum Gas (LPG) industry.

Experts discuss upgrading of refineries

Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar chaired the meeting.

According to a news release, renowned experts and professionals from the energy sector attended the meeting.

“The forum discussed the petroleum sector with prime focus on the up-gradation of refineries, improvement of downstream pricing of oil sector, introduction of automation system for oil depots and expansion of LPG sector.”

The meeting identified key areas of policy and regulatory interventions for improvement in pricing mechanism deregulation of oil market, licensing of retails/petrol pumps and meeting other challenges besides deliberating on the role of refineries in downstream oil sector.

After extensive deliberations, the SAPM assigned the task to the forum members to prepare working papers on use of technology and automation system for collection of real-time data in oil sector and up-gradation of oil refineries.

Nadeem Babar also asked for working out a “possible structure of deregulated oil market in line with principles to ensure sufficient supplies with low volatility in price.”

The think-tank decided to discuss possible ways and means for expansion of LPG sector in its next meeting.