Business Services Industry
PAKISTAN PETROLEUM REVIEWS INFRASTRUCTURE PLAN.
AsiaPulse News, February, 2003
ISLAMABAD, Feb 24 Asia Pulse - The Pakistan Petroleum Limited (PPL) has attained encouraging results from three oil and gas discoveries, Hasan, Sadiq and Khanpur and a development plan to put in place an infrastructure for these fields was under consideration, according to the company's 2002 annual report.
The report claimed that dismantling of cost-plus gas well-head price agreement 1982, and introduction of market-based gas price agreement would increase profitability, besides improving PPL's cash flow in the coming years.
The management is confident that the new well-head price system would put the company on a sound commercial footing, it said.
Keeping in view the changing situation, the government had dismantled cost-plus gas well-head price...
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