[[IMAGE: The key disputes which have been resolved including the collection of royalty and well head price for onshore and offshore fields. PHOTO: MOHAMMAD NOMAN/EXPRESS]] ISLAMABAD:? The row between the centre and provinces has come to an end, for now as both sides have developed a consensus on regulating the upstream oil and gas industry. The key disputes which have been resolved including the collection of royalty and well head price for onshore and offshore fields. In the new development, after the 18th Amendment and under the Petroleum Policy 2012 provinces have agreed that the federal government will continue to collect royalty on oil and gas resources. The meeting was chaired by Dr Asim Hussain special assistant to the prime minister for Petroleum and Natural Resources and was attended by representative of all four provinces. The centre and provinces had reached a deadlock on issues including zones, well head price, collection of royalty and regulating upstream industry in new Petroleum Policy 2012 during a meeting of the Council of Common Interests (CCI) held on Thursday. The CCI had then directed the Petroleum Ministry to resolve these issues in consultation with the provinces.

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Upstream oil and gas industry: Deadlock on royalty issue comes to an end