Over $600 million saved in LNG supply deal signed with Qatar: Report
The negotiations with Qatar stalled after the latter refused to decrease the offer price for LNG and Pakistan used that to its benefit by approaching the open market in late 2015 to publicly seek 120 cargoes in two huge tenders
PPL discovers fresh oil deposits in Punjab
Pakistan Petroleum Limited (PPL) has announced the discovery of oil deposits in an exploratory well in Talagang, Chakwal district.
The discovery was made...
Turkmenistan seeks South Asian markets after power plant boost
Central Asian states are jockeying to supply electricity to potentially promising markets in Afghanistan and Pakistan
$139bn bonanza in pipeline for oil services providers in Middle East
LONDON: GCC and global oil services and equipment providers are cashing in on an upswing in capital spending in Middle Eastern oil...
Finance minister assures electricity, gas prices won’t be increased for industries
APTMA patron-in-chief said Mr Umar had committed to keeping prices at the promised level and the government would find a solution by either providing a subsidy from the budget or cross-subsidizing the industries.
Another probable power price hike on the cards
After the conclusion of the hearing, an official said the additional impact of the prior year adjustment (PYA) for FY18 taking PPP difference into consideration was coming out of the rising net hydel profit to the provinces
OGDCL earns 78.736bn profit during FY2017-18
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has earned an after-tax profit of Rs78.736 billion during the financial year 2017-18 ended...
HDIP to upgrade hydrocarbon testing labs at a cost of Rs270m
Rs100 million would be utilized for expansion and up-gradation of Pakistan Petroleum Core house (PETCORE) for its sustainable operations to facilitate oil and gas exploration research in Pakistan
Jahangir Ali Shah appointed as PSO’s acting MD
The Government of Pakistan has appointed Jahangir Ali Shah as acting Managing Director, Pakistan State Oil (PSO) - a notification to this...
Gas price increase to be focal point of discussion in ECC meeting
According to Ogra law, the regulator is required to revise gas prices bi-annually to be notified on the first of July and January and local gas prices are linked to global oil prices
New govt to go-ahead with plan of breaking-up gas utilities
This plan was put forth before the Prime Minister Imran Khan by the Ministry of Energy (Petroleum Division) in a meeting on Tuesday
Regulators keep quiet as K-Electric sits on its annual reports for two years
ISLAMABAD: K-Electric (KE) has still yet to issue its annual report for the previous year, fiscal 2016-17, while its major stake is in...
Monthly oil sales sink to seven-year low, nearly 50% year on year
KARACHI: The country’s oil sales touched a seven-year low to 1.35 million tonnes in August, down by 46 percent year-on-year. Similarly, during...
Rouhani: Iran will export crude oil despite US pressure
TEHRAN: Iranian President Hassan Rouhani says his country will continue exporting crude oil despite US efforts to stop it through sanctions.
Speaking to...
PM directs petroleum ministry to address gas theft
LAHORE: Prime Minister Imran Khan today directed the Petroleum Division to chalk out a comprehensive plan for checking gas theft in the country...