Expensive Qatari LNG causing additional burden on masses
ISLAMABAD: Pakistanis are allegedly being deprived of low priced Liquefied Natural Gas (LNG) as the present government continues importing LNG from Qatar...
Syria war, OPEC compliance propping up oil price: IEA
PARIS: Fears of fresh escalation in Syria’s war coupled with compliance with a pledge by the OPEC cartel and Russia to limit...
Saudi’s Aramco world’s most profitable oil company: Report
LONDON: Saudi Aramco is the world’s most profitable oil company, Bloomberg reported on Friday, but its huge earnings and cash flows may...
Hindrances in GE power plants could cause headaches for PML-N
ISLAMABAD: A pledge by Pakistan’s ruling party to end electricity outages ahead of a general election in mid-2018 is being undermined by...
Pakistan holds huge potential in renewable energy, requires reforms to tap it: IRENA
ISLAMABAD: Pakistan possesses huge potential in the realm of renewable energy, but lacks a clear target in this sector, said the International...
Power sector receivables jump 10 percent, touch Rs 805 billion
ISLAMABAD: Pakistan’s power sector receivables rose to Rs805 billion by end of January 2018, posting a 10 percent increase in 1st seven...
Chinese firm expresses interest in establishing deep oil refinery in Pakistan
ISLAMABAD: A Chinese state-owned entity has expressed interest in building an up-country deep conversion oil refinery at a cost of $7-8 billion...
PSO-Attock petroleum open country’s most advanced fuel farm at New Islamabad Airport
ISLAMABAD: Pakistan’s most sophisticated fuel farm facility was opened at the New Islamabad International Airport by Adviser to Prime Minister on Aviation...
PM rejects move to eliminate subsidy for industrial consumers
ISLAMABAD: The proposal to hike power prices for industrial consumers by removal of Rs3 per unit subsidy has been rejected by the...
Oil prices dip, set for biggest weekly gains since July 2017
TOKYO: Oil prices edged lower on Friday but are set for their biggest weekly gains since last July following a jump to...
Rs14.8 billion diverted from RLNG-II project to supply gas to underserved areas
ISLAMABAD: Over Rs14.8 billion funds reserved for the building of RLNG distribution network have been diverted for projects to ensure gas supply...
Country’s largest fuel farm inaugurated at new Islamabad airport
ISLAMABAD: Adviser to Prime Minister on Aviation Division Sardar Mehtab Ahmed Khan on Thursday inaugurated Pakistan’s largest and most advanced Fuel Farm Facility at the...
OPEC sees oil markets tighten further even as US shale booms
LONDON: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply...
World Bank set to grant $100 million loan for Sindh solar energy program
LAHORE: The World Bank is set to approve a $100 million loan in May for renewable energy generation via solar in Sindh...
Ogra requested to expedite standardization of manganese content in petrol
ISLAMABAD: The government has been requested by Oil and Gas Regulatory Authority (OGRA) to expedite the move to finalizing standards and specifications...