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oil marketing companies

OGRA issued licenses to 21 OMCs in six months

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has issued fresh licenses to twenty-one oil marketing companies (OMCs) in the first six months of the current fiscal year. According to a OGRA report, the new companies issued licences between July-December 2016 are expected to invest about Rs. 10.5 billion over the next three years to set up storage and filling stations in various parts of the country. In addition, four licences were granted for development of new oil storage and terminals at different locations…