India allows state refiners to use Iran tankers, insurance for oil imports
NEW DELHI: India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s...
Secret oil shipments could help Iran cushion US sanctions blow
Discounts, bartering, and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil...
Pakistani power plants’ capacity cost conundrum
'Return on equity in India is 14% as opposed to 17-20% in Pakistan, local loan spread in India is specified by the...
Iraq oil exports hit 2018 peak in August
Iraq's oil exports for August hit their highest monthly figure this year, the oil ministry said Saturday, with nearly 112 million barrels...
Understanding consumer gas pricing – seminar held by PIP at SSGC house
KARACHI: Petroleum Institute of Pakistan (PIP), a representative body of the oil and gas sectors in Pakistan organized a seminar on ‘Understanding...
Suki Kinari Hydropower Project set to make KP self-sufficient in power
Two more projects have been announced by KP government at Batakundi (96 MW) and Naran (188MW) – both upstream of the Suki Kinari project
Oil refineries earned Rs500 billion under ‘deemed duty’ since 2002
Deemed duty was provided by the government as an incentive to make oil refineries upgrade their plants which would result in the production of environment-friendly and higher-grade fuel
PM reduces prices of petrol, diesel
LAHORE: In the latest development, on the recommendations of Oil and Gas Regulatory Authority (OGRA), the Prime Minister of Pakistan, Imran Khan...
Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions support
International Brent crude oil futures were at $77.70 per barrel at 0232 GMT, down 7 cents from their last close
Haroon Oil, Gulf Oil reach strategic partnership
HOL will act as the distributor of GOMEL in Pakistan
Energy ministry recommends drastic cut of Rs22.94 in diesel price
Oil and Gas Regulatory Authority has proposed a decrease of Rs6 in the price of HSD to Rs106 per litre, Rs2 in the price of petrol to Rs93 per litre, 30 paisa in kerosene oil to Rs83.25 per litre and 70 paisa in the price of light diesel oil to Rs76 per litre
SEZs under CPEC to help in the creation of new jobs: Makhdoom Khusro Bakhtiar
ISLAMABAD: Minister for Planning, Development & Reform, Makhdoom Khusro Bakhtiar has said that development of the Special Economic Zones (SEZs) is the...
PML-N govt ostensibly accepted ‘strict’ terms for LNG supply deal with Qatar: sources
ISLAMABAD: Initial scrutiny of the LNG supply deal between Qatar and Pakistan initiated by the incumbent minister for petroleum division Ghulam Sarwar...
Oil prices rise on decline in US fuel inventories, looming Iran sanctions
SINGAPORE: Oil prices rose on Thursday, extending solid gains from the previous session on a fall in US crude inventories and expected...
Power distribution companies T&D, non-payment losses a hefty Rs110 billion
KARACHI: Power distribution companies, including K-Electric, have incurred more than Rs110 billion in overall losses on supply wastage and non-receipt of bills...