AEDB keen on exploiting Balochistan’s wind energy promise
ISLAMABAD: The Alternative Energy Development Board (AEDB) on Thursday in its board meeting reached a consensus to tap wind energy potential present...
Oil prices fall, as dollar back-pedals decline
NEW YORK: Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest...
Pakistan failed to devise specification of manganese additive in petrol
ISLAMABAD: Pakistan has still not formally revised the specifications of fuels and due to which increased content of manganese in gasoline has...
Circular debt obstructing investment in Pakistan’s refinery sector, says: Chairman Hascol
LAHORE: One of Pakistan’s leading oil marketing companies, Hascol Petroleum Limited has been operating in Pakistan since 2005 and succeeded in opening a...
Pakistan Oilfields earnings disappoint, profits increase by paltry 2.26 percent during July-December 2017
LAHORE: Pakistan Oilfields Limited on Wednesday announced its half-yearly earnings till December 31st, 2017, reporting an increase of 2.26 percent in profits...
Attock Petroleum profits dip 12.32pc for July-December 2017
LAHORE: Attock Petroleum Limited reported a 12.32 percent dip in profits for the half year ended 31st December 2017 on Wednesday.
Sales recorded...
Oil prices drip, as US crude inventories rise
SINGAPORE: Oil prices fell on Wednesday, weighed down by data that showed an increase in U.S. crude oil and gasoline inventories.
Brent crude...
CCI’s jurisdiction to govern matters of mineral oil, natural gas and territorial water, says: Rabbani
ISLAMABAD: The Chairman Senate, Raza Rabbani on Tuesday stated taking decisions pertaining to territorial waters, equal ownership of natural gas and mineral...
PAC asks AGP to hold inquiry into purchase of expensive electricity
ISLAMABAD: Public Accounts Committee (PAC) Chairman Syed Khursheed Ahmed Shah, on Tuesday, directed the Auditor General of Pakistan (AGP) to hold an inquiry for fixing...
PM Abbasi optimistic GE will fix issues with gas turbines
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi said on Monday that some of General Electric’s flagship new gas turbines in Pakistan were still...
$5bn investment lined up for development of Thar coal: Ahsan
ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal on Monday informed the Senate that an investment of $ 5 billion had been lined...
PM emphasises enhancement of indigenous exploration, production
ISLAMABAD:Â Prime Minister Shahid Khaqan Abbasi during a briefing by Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) in Islamabad on Monday, said...
WAPDA to complete 2,487-MW hydel power projects by mid-2018
LAHORE: Water and Power Development Authority (WAPDA) will complete three hydel power generation projects with an accumulative capacity of 2,487 megawatts (MW)...
Pakistan among the top ‘emerging’ importers of LNG
According to a Columbia University report, Pakistan is among the top ‘emerging’ importers of Liquefied Natural Gas (LNG).
The LNG supply surge that...
Oil producers to cooperate beyond 2018: Saudi Arabia
MUSCAT:Â Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the...