KP endorses FWO for construction of oil pipeline
ISLAMABAD: The Khyber Pakhtunkhwa government has voiced opposition to Inter-State Gas Systems (ISGS) for laying the pipeline from Machike to Taru Jabba...
PSO, Power China in negotiations to setup a $8 billion refinery
KARACHI: The country’s leading oil marketing company Pakistan State Oil (PSO) is in negotiations with Power China to enter into a partnership...
Saudi Aramco signs $44 bn deal to build giant Indian refinery
NEW DELHI: Saudi Aramco on Wednesday announced a $44 billion deal to build a giant refinery complex in India with three Indian...
ADB projects decline in GDP, as trade deficit continues to worsen
ISLAMABAD: According to a new Asian Development Bank (ADB) report, Pakistan’s economy is projected to maintain strong growth in fiscal year (FY) 2018...
Pak, Kuwait Fund sign agreement to finance Golen Gol Hydropower project
ISLAMABAD: The Government of Pakistan and the Kuwait Fund here on Wednesday signed a Supplementary Loan Agreement of KD 4.5 million (equivalent to $15 million)...
Generator sales spike in Karachi, as power outages return
KARACHI: Generator sales have spiked in Karachi since power outages increased in the last few weeks and the dispute between K-Electric and...
Oil prices dip from 2014 highs, as U.S oil production rises
SINGAPORE: Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by...
Nepra establishes five-member team to investigate K-Electric affairs
ISLAMABAD: National Electric Power Regulatory Authority on Tuesday formed a five-member team to probe K-Electric affairs, it said in an announcement.
Taking the...
SSGC seeks govt permission to spread Rs18 billion losses over five-year period
ISLAMABAD: Sui Southern Gas Company (SSGC) has reached out to the authorities to allow it to spread it's Rs18 billion over a...
Govt to supply RLNG to revive 2,500MW power plants
KARACHI: To bolster its power generation capacity to cope with the present power crisis, the government has decided to revive two defunct...
Bangladesh, India sign 130km oil pipeline deal
DHAKA: Bangladesh and India signed an agreement here on Monday on the proposed 130km oil pipeline aimed at pumping Indian oil to...
Brent crude touches $69.04, as US-China trade war threat eases
SINGAPORE: Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute...
OMC’s and refineries refuse to pay fee in absence of formal notification
ISLAMABAD: The dispute between the Oil and Gas Regulatory Authority (OGRA) and oil industry has intensified after the latter refused to pay...
Energy corridor between Pakistan, Tajikistan could improve regional connectivity
ISLAMABAD: A conference held by Tajikistan’s embassy and Centre for Global Studies (CGSS) on Monday emphasized for execution of an energy corridor...
Pakistan’s petroleum consumption rose 9.64 percent during 2016-17: OCAC
ISLAMABAD: A report released by the Oil Companies Advisory Council (OCAC) for the year 2016-17 revealed Pakistan’s petroleum productions consumption grew by...