With the support of the Ministry of Energy, the Oil & Gas Regulatory Authority (OGRA) Pakistan, has started issuing licenses to new fuel marketing companies, subject to their development of storage and distribution of infrastructure in the country.
Tremendous local and foreign investment in the fuel industry has been the successful outcome of this policy, with Al Noor Petroleum’s brand ‘N3’ being one such example, licensed in 2016. With a direct equity investment from local and foreign-based investors, its parent groups are Al Rahim Group of Companies and the ALSAA Group, UAE. With its own storage capacity of 220,000 tons in Kemari alone, its group company is the largest private equity fuel and chemical terminal operator in Pakistan, and is engaged in fuel trading, import, export, shipping and storage facilities of fuel products and the petrochemicals business in Pakistan and the Middle East. Source: Pakistan Today PWKD03042018