SNGPL, SSCGC facing default prospects due to non-clearance of dues by power sector
To ensure appropriate figure of RLNG demand is put forth to Pakistan LNG Limited (PLL) for July-September 2018, the Power Division has been asked to provide a proper confirmation to off-take from RLNG volumes on a take or pay basis
PEC opposes reshuffle plan for power companies
The parliamentary panel had stopped the authorities from the installation of transformers across Pakistan till the elections on July 25th
Construction work on Diamer Basha, Mohmand Dams to start in fiscal year 2018-19
WAPDA chairman briefed PM about the issues of water and hydropower sectors in the country. The prime minister was also apprised of WAPDA projects, particularly Diamer Basha and Mohmand Dams.
Supreme Court orders forensic audit of oil import mechanism
ISLAMABAD: The Supreme Court on Sunday ordered a thorough analysis of the petroleum products import mechanism in the country by examining that...
New Delhi annoyed over energy deal between Pakistan, Maldives
A deal struck between Pakistan and Maldives has reportedly left New Delhi confused and unsettled, leading to a further deterioration in relations...
Govt decreases petrol price by Rs4.26
The government would suffer an estimated loss in revenue of Rs 10 billion as a result of the reduction in petroleum prices.
Iranian oil minister calls Trump’s order to OPEC insulting
"Mr Trump sends every day a new message that creates uncertainty in the market," Iranian Oil Minister Bijan Zanganeh said in an interview with state television.
BP in lead to acquire BHP’s U.S. onshore shale assets: sources
The acreage for sale includes holdings that BHP acquired in its $12-billion takeover of Petrohawk Energy in 2011, which have declined rapidly in value as the price of natural gas has fallen from $4.50 at the time of the deal to a low of $1.60 last year
Govt willing to reduce GST on HSD to appease apex court
At current rates, the government hopes to fetch Rs55 billion per month on all POL products which includes Rs22 billion from petrol, Rs30 billion from HSD and Rs500 million from other products
Pakistan curbs fuel oil imports as power generation requirements ease
Pakistan State Oil (PSO) has reduced its fuel oil imports for power generation as monsoon rains have lowered the demand for electricity for cooling, contributing to a decline in fuel oil premiums from the multi-year highs reached last week.
NEPRA rejects KE’s demand, notifies new tariff of Rs12.81/KWH
KARACHI: The National Electric Power Regulatory Authority (NEPRA), while rejecting the demand of K-Electric (KEL) for the restoration of previous Multi Year...
Asia’s oil refiners rush to deal with U.S.-China trade war, looming Iran sanctions
As part of a wave of retaliation for Friday’s U.S. tariffs, China has threatened a 25 percent duty on imports of U.S. crude. Meanwhile, Washington’s new sanctions against Tehran are due to kick in from November
Asian stocks wobble as Sino-U.S. trade war begins
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.1 percent lower, pulling back from a modest early rise. The index has lost near 9 percent since June 7
Power sector billing recovery stalls, financial gap widens to Rs324 billion for July-April FY18
Total billing of discos amounted to Rs976.339 billion during the first ten months (July-April) FY18 and total receipts were recorded at Rs652.158 billion
Oil dips in nervous trading as U.S.-China trade war looms
Brent crude futures fell 25 cents, or 0.3 percent, to $77.14 per barrel by 0317 GMT from their last close