Govt to reduce LNG supply amidst falling demand
LAHORE: The government on Monday directed scaling down of Liquefied Natural Gas (LNG) from both specialised import terminals due to falling fuel...
SHC seeks govt, OGRA reply in petroleum price hike case
KARACHI:Â The Sindh High Court (SHC) on Monday has sought comments from the Ministry of Petroleum, and the Oil and Gas Regulatory Authority...
US companies eager to participate in Pakistan’s energy sector: David Hale
ISLAMABAD: The US Ambassador to Pakistan David Hale has said that US companies are eager to participate and compete in the energy...
PM chairs meeting on issues related to power sector
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting on issues related to the power sector and net hydel profits at the Prime Minister’s...
Oil sales down 18 per cent YoY in February 2018
LAHORE: Pakistan's oil sales declined by 18 per cent YoY to 1.5 million tonnes mainly on the back of a sharp drop in...
Government directs OMCs to prioritise sale of domestic petrol
The federal government in a bid to minimise loss of foreign exchange and misuse of inland freight equalisation margin (IFEM) has directed...
Remaining capacity generation investments under CPEC to be moved over to hydropower sector
ISLAMABAD: Both Pakistan and China have agreed to move energy sector investments under China-Pakistan Economic Corridor (CPEC) to hydro-power development.
This decision comes...
State Minister stresses expediting LPG-Air Mix Plants in Balochistan
KARACHI: The Minister of State for Petroleum Division, Jam Kamal Khan has stressed the need to expedite work on LPG-Air Mix plants...
Circular debt breaks all barriers, touches record Rs922 billion
ISLAMABAD: The nightmare of Pakistan’s energy circular debt continues its upward surge, as it broke all records to touch Rs922 billion by...
Oil prices inch up from two-week lows
TOKYO: U.S. oil prices edged up on Friday, snapping three days of declines, but gains were limited as Asian share markets extended...
Stringent fines expected if coal power projects not completed on time
LAHORE: Any prolonged delays in coal-fired power projects being established in Sindh, would be penalized heavily said the government as it would...
OMV Pakistan divests upstream business to United Energy for $192 million
KARACHI:Â OMV AG, the Vienna-Austria-based integrated oil and gas company, has agreed to sell its upstream, exploration and production, business in Pakistan to...
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...
PTEA urges govt to remove major obstacles in export growth
FAISALABAD: The Pakistan Textile Exporters Association (PTEA) has urged the government to immediately remove obstacles affecting export growth. An extreme cash flow...
Oil prices decline, on back of weak Chinese, Japanese industrial data
TOKYO: Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower...