Exploration firms protest Rs1.5tr gas dues |
ISLAMABAD: The upstream oil and gas exploration and production companies have lodged a strong protest against the state-owned Sui Southern Gas Company Ltd and Sui Northern Gas Pipeline Ltd for defaulting on more than Rs1.5 trillion in overdue payments.
Pakistan Petroleum Exploration and Production Companies Association (PPEPCA), in a letter to the Petroleum Division, said that more than Rs1.5tr was pending against SNGPL and SSGC.
The dues of exploration companies stood at Rs224 billion in June 2015, which piled up to Rs1.5tr by September 2025, excluding late payment surcharges.
“It is deeply concerning that no material........