Federal Minister for Petroleum and Natural Resources
| وزارت پٹرولیم و قدرتی وسائل | |
 |
|
| Agency overview | |
|---|---|
| Formed | 1977 |
| Dissolved | August 2017 |
| Headquarters | Islamabad, Islamabad Capital Territory |
| Minister responsible |
|
| Agency executives |
|
| Website | www |
The Ministry of Petroleum & Natural Resources (Urdu: وزارت پٹرولیم و قدرتی وسائل, abbreviated as MoPNR), was a Pakistan Government's federal and executive level ministry responsible to ensure availability and security of sustainable supply of oil and gas for economic development and strategic requirements of Pakistan and to coordinate development of natural resources of energy and minerals.
The Ministry was converted into Petroleum Division in August 2017 and the division was merged into Ministry of Energy.
Petroleum & Natural Resources Division was created in April 1977. Prior to that Petroleum and Natural Resources was part of the Ministry of Fuel, Power and Natural Resources.
The Geological Survey of Pakistan is an autonomous and independent institution under Ministry of Petroleum and Natural Resources which is tasked and mandate with advancing the geoscience knowledge and carrying out systematic studies on official mapping and area surveying.
Government Holdings Private Limited (GHPL) was registered as private limited company in 2000 under the Companies Ordinance 1984. It is 100% owned by the Government of Pakistan and operates under the Ministry of Petroleum and Natural Resources. The purpose of creating this company was to separate the regulatory and commercial functions to efficiently manage the Government's interest in petroleum exploration and production joint ventures which was previously managed by Directorate General of Petroleum Concession. GHPL had a mandatory 5% interest in all Exploration Licenses granted by the Government during the exploration phase which was to be carried by other joint venture partners. This working interest was to increase in case of commercial discovery from 15% to 25% depending on the discovery zone.
...
Wikipedia