Engro in collaboration with Shell, Fatima plans constructing LNG terminal at Port Qasim
KARACHI
Engro Elengy Terminal Limited (EETL), in collaboration with Shell and Fatima Group, plans to construct another terminal at Port Qasim with a...
Marred by conflicts, GHPL MD’s tenure ends without release of 3 years’ salary
Islamabad: Government Holdings Private Limited (GHPL) outgoing managing director has completed his three-year tenure without getting his dues due to dispute over...
IPPs payables rise to Rs205 billion
LAHORE: Independent Power Producers overdue payables (IPPs) owed by the government have swelled to Rs205 billion by the end of November.
The energy...
Fatima Energy to be investigated for receiving “special favours”
Islamabad: A four-member committee has been established by cabinet division to investigate misconduct in inter-changeability of Fatima Energy Limited from co-generation policy...
Price hike: Petrol price up Rs3.56 per litre
ISLAMABAD: Following OGRA’s recommendations, the government here on Wednesday announced another price hike in the price of petrol by Rs3.56 per litre...
PPIB gives extension for financial close of Matiari-Lahore transmission line
ISLAMABAD: An extension has been given in timelines for achieving financial close of various power projects including the high-voltage direct current (HVDC)...
NEPRA increases electricity prices by Rs2.04
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has made three electricity surcharges permanent, increasing the power prices by Rs2.04 per unit.
Earlier, the per...
ECC gives go-ahead to revisions in OGRA ordinance 2002
The ECC also gave go-ahead to exemption from regulatory duty on import of dry fruits, vegetables and fresh fruits from Afghanistan which was proclaimed by PM Abbasi on his visit to Kabul recently
Crude oil eases on record U.S. production, OPEC supply hopes
Global benchmark Brent crude, which was little changed in the previous session, was down 9 cents, or 0.1 percent, to $77.47 per barrel
Nepra releases new guidelines for tariff determination of power projects, equity participation
For hydropower projects having capacity up to 50 megawatts and construction periods crossing two years, a spread not surpassing 2.5 percent over Kibor will get authorized
Oil climbs as U.S. drilling stalls, Washington sanctions against Iran loom
Brent crude futures climbed 50 cents, or 0.65 percent, to $77.33 a barrel
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
Asian LNG prices slide to 8-month low on mild winter
Spot prices for February delivery to Asia LNG this week dropped to $8.50 per million British thermal units (mmBtu), lowest since mid-May, industry sources said
NTDC missed numerous project deadlines in FY18: NEPRA
ISLAMABAD: The National Transmission and Desptach Company (NTDC) could not complete a number of projects as per their scheduled dates, resulting in cost...
OPEC and allies likely to cut production if US joins cuts: sources
The group of oil producers known as OPEC+, including Saudi Arabia and Russia, are likely to agree to cut production at a...