Oil prices slump as Trump announces exit from Iran nuclear deal
As US President Donald Trump announced that the United States will exit the Iran nuclear deal, oil prices tumbled as media speculation...
PAPCO’s $200 million multi-grade pipeline to be functional next year
KARACHI: The Pak Arab Pipeline Company (PAPCO)’s White Oil pipeline will become multi-grade by the second quarter of 2019, Shell Pakistan’s management told...
Pakistan invites Iran for talks over stalled IP gas pipeline
Iran sought $1.2 billion in damages as per the penalty clause from January 1, 2015. As per the agreement, if Pakistan didn't take gas supplies from Iran, it is bound to pay a fine of $1 million per day
Oil prices retreat from 3.5 years high, as market awaits Trump decision on Iran
Brent crude futures were down 63 cents, or 0.8 percent, at $75.54, having jumped 1.7 percent to settle at $76.17 a barrel in the previous session
Govt draws up revisions in legal structure after K-Electric deal
ISLAMABAD: The incumbent government is said to have drawn up revisions in the legal structure surrounding the acquisition of Shanghai Electric of...
Foreign lenders rebuff appeal for transfer of loans to transmission line projects
The power division in its tabled summary demanded Rs9.84 billion via the issuance of sovereign guarantees to be obtained from local commercial banks for connecting new nuclear plants in Karachi to the national grid
Engro corporation to invest $21.375 million in Siddiqsons energy
Siddiqsons Energy Limited is a special purpose vehicle (SPV) established to develop around 330 megawatts of Thar coal-fired power generation facility in Block II, district Tharparkar Sindh on a build, operate and own basis
Pakistan struggling to setup meeting with WB over Kishanganga dam dispute
WB officials say busy schedule of their president is causing problems in setting-up a suitable time for the meeting
Circular debt in power sector threatening entire financial system: Report
Circular debt in power sector has crossed the Rs1 trillion mark
Oil prices hold firm, as Iran tensions keep market on edge
Brent crude oil futures were at $74.94 per barrel at 0035 GMT, up 7 cents, or 0.1 percent, from their last close
Water crunch impacts cotton production in various districts of Sindh
A drought-like situation has arisen in the districts of south-east of Sindh after the Irrigation Department decreased water flows to 3,000 cusecs from 12,000 in the Nara Canal head
WB convenes 8th round of talks with Pak, India over construction of dams
LAHORE: The World Bank (WB) has convened a meeting of the experts of India and Pakistan in Washington on May 21 and...
E&P companies to drill 90 oil, gas wells in next fiscal year
ISLAMABAD: Oil and Gas Exploration and Production (E&P) companies have planned to drill 90 wells in different areas of the country in...
OGDCL injects 17 new oil, gas wells in production gathering system
ISLAMABAD:Â The Oil and Gas Development Company (OGDCL) has injected 17 new oil and gas wells, producing 359,267 barrels of crude oil and...
Oracle Power concentrates on formalising deals with Chinese partners for Thar project
Oracle Power PLC said it is focusing on formalising deals with its Chinese partners this year to advance its Thar coal-fire power plant in Pakistan after making progress on the project in 2017.