MPCL Deposits over Rs 3 billion for Community Development Projects in District, Ghotki, Sindh
Mari Petroleum Company Limited (MPCL) has deposited over Rs. 3 billion (US$18.9 million) with the District Administration of Ghotki on account of Production Bonus and Social Welfare obligations in accordance with the Pakistan Petroleum Exploration and Production Policy 2012.
Mr. Faheem Haider, MD MPCL presented the cheque to Syed Murad Ali Shah, Chief Minister Sindh for onward handing over to Deputy Commissioner, Ghotki. MD MPCL also discussed with Chief Minister Sindh various aspects of MPCL operations, on-going projects and planned future endeavors in the Country in general and in the province of Sindh in particular.
It is pertinent to mention here that after signing of the Supplemental Agreement to the Mari PCA in April 2021 (effective December 2015), the conversion of Mari D&P Lease to 2012 Petroleum Policy has been formalized. Accordingly, MPCL has deposited Rs. 2,601 million [US$ 15.8 million] and Rs. 522 million [US$ 3.1 million] pertaining to Production Bonus and Social Welfare obligations, respectively.
These amounts will be spent on key projects in the Mari lease area in and near district Ghotki. These obligations are over and above the substantial amounts spent by the Company voluntarily on numerous social welfare projects every year under its CSR initiatives.
The Company has spent over Rs. 2.2 billion in the province of Sindh on different CSR activities. The Company is providing quality health and education services to the local community through Mari Medical & Education Complex, Noor-e-Sehar Special Education School, field and mobile dispensaries, TB Clinic, Mother & Child Care Centre, and frequent medical camps.