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Oil refining policy to be presented to cabinet soon Senate panel told policy will attract huge investment in refining sector APP July 01, 2021 ISLAMABAD: The Senate Standing Committee on Petroleum was told on Wednesday that the new oil refining policy, which mainly focused on attracting maximum investment in the sector, would soon be presented to the federal cabinet for approval. The policy would attract huge investment in the oil refining sector by offering tax rebate to the local and foreign investors for up-gradation and establishment of new deep-conversion refineries, Petroleum Secretary Dr Arshad Mahmood informed the meeting. The maiden meeting of the Senate panel after its reconstitution aimed to get a detailed briefing on the working and performance of the Petroleum Division and its attached departments.

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