Oil sales record 12pc increase annually
Oil sales have increased 12pc on an annual basis to reach 23.8m tons. Since the last three years, oil sales had averaged...
Pakistan to have surplus capacity of electricity by 2020
Karachi: According to official data available from K-Electric (KEL) and National Transmission and Despatch Company (NTDC), Pakistan will have excess supply of...
ECNEC approves energy and education mega projects
In a meeting chaired by Finance Minister Ishaq Dar on Wednesday, the Executive Committee of the National Economic Council (ECNEC) approved various...
Energy sector’s circular debt soars to Rs500 bn, govt to pay off Rs100 bn
KARACHI: Rising on a yearly basis, circular debt is especially prevalent in the oil and gas sector of the country. At present,...
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...
Oil slips on economic worries, but still set for strong weekly gain
Traders said the declines came on lingering concerns over the health of the global economy
Oil prices climb as US crude inventories fall
SINGAPORE: Oil prices inched up on Thursday on a decrease in U.S. crude inventories, but rising gasoline stocks and crude production weighed...
OGDCL chairman addresses annual dinner 2018
ISLAMABAD: The annual dinner for officers of Oil and Gas Development Company Limited (OGDCL) was arranged by office bearers of OGDCL Officers’ Association...
2019: Saudi Aramco profit slides 20.6pc on lower crude prices
Saudi Aramco reported Sunday a 20.6 per cent drop in 2019 net profit due to lower crude prices and production levels, in...
Govt takes steps to reduce circular debt, pays off Rs142bn to IPPs
ISLAMABAD: In a momentous move to lower the stock of circular debt, the government has successfully cleared pending dues amounting to Rs.142...
NEPRA increases power tariff by Rs1.22/unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has jacked up electricity tariff by Rs1.22 per unit on account of monthly fuel...
Cabinet approves appointment of SNGPL directors, SME Bank president
ISLAMABAD: The Federal cabinet on Tuesday approved the appointment of 11 Board of Directors (BoD) of Sui Northern Gas Pipelines Limited (SNGPL)...
Oil prices steady, as trading activity dries up ahead of new year
SINGAPORE: Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend.
Heading into 2018, traders said...
Oil prices near four-week highs, as Saudi Arabia seeks to end supply glut
TOKYO: Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia...
Nepra discards review motions filed against CPPs upfront tariff
ISLAMABAD: Review motions filed against upfront tariff for gas-fired Captive Power Plants (CPPs) has been discarded by National Electric Power Regulatory Authority...