MOL for inquiry into crude oil theft case

ISLAMABAD - MOL Pakistan, one of the leading foreign oil producers in the country, has rejected allegation leveled by a parliamentary committee regarding its involvement in oil theft from Tal block in KP and said that the company was not involved in this heinous crime in any way.

Terming the standing committee’s allegation baseless, MOL Pakistan said that allegations and aspersions sully the foreign investment climate in the country and advised all the all the stakeholders that for fair investigation they should desist from such accusations.

Referring to the stories published in different sections of the media about crude oil theft from Tal block, MOL Pakistan rejected any insinuation or allegation that it is involved in this heinous crime.

“We take strong exception to the statements made in National Assembly’s Standing Committee on Petroleum by Federal Investigation Agency and a few honorable members where MOL Pakistan was implicated,” the spokesman said.

“It is reiterated here that MOL Pakistan time and again has expressed its commitment to offer every possible assistance to the relevant authorities to investigate the matter and is open to any investigation within the bounds of law. We have faced multiple inquiries on this issue and have provided assistance to the law enforcement machinery in investigating the issue to its logical conclusion. We again insist that no past inquiry had implicated MOL Pakistan as a company and any aspersion to that effect is malicious,” the spokesman added.

Secondly, the spokesman added, it is very alarming that to generate media headlines the value of the crude oil theft from Tal block is being dubbed as mega theft. This is highly regrettable that on such a respected forum – Standing Committee of the National Assembly, individuals can get away with presenting wrong facts and figures, the spokesman added.

“It is also highly irresponsible to quote a preliminary investigation report as allegedly presented by the Director FIA, as such a report has no legal basis. It is interesting to note that the Director FIA has himself admitted that he has yet to receive technical input from relevant ministries and departments. In the absence of technical input the report seems to be just based on hearsay,” the spokesman said. “We attend the proceedings of the NA body only when required by the Ministry of Petroleum, the relevant authority that regulates our agreement with the government.”

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