Cabinet Committee on Energy agrees on amendments related to power tariff
ISLAMABAD: The Cabinet Committee on Energy on Tuesday decided to introduce suitable amendments in the existing policy framework to address various issues...
EETPL signs LSA with SSGC for additional gas
KARACHI: Engro Elengy Terminal Private Limited (EETPL) signed an LNG Supply Agreement (LSA) with Sui Southern Gas Company (SSGC) for the provision...
Oil prices reach two-year peaks, after North Sea pipeline fault
LONDON: Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline...
Dawood Lawrencepur to invest Rs280 million in Reon Energy
LAHORE: A bourse notification on Monday revealed Dawood Lawrencepur Limited’s (DLL) Board of Directors have approved investment of Rs280 million by subscription...
Govt to raise over Rs2 billion by petroleum levy imposition on LPG imports
ISLAMABAD: The government’s decision to levy regulatory duty on locally produced and imported liquefied petroleum gas (LPG) is expected to raise over...
OCAC issues warning of “fuel crisis”
ISLAMABAD: News of fuel crisis is again in the offing as oil companies warned about imminent closure of local refineries over the...
Oil prices slip, as US crude output rises
SINGAPORE: Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase...
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...
Iraq, Iran sign Kirkuk oil export contract: Iraqi oil official
DUBAI: Iraq has signed an agreement with Iran to export crude oil from its Kirkuk oilfield with a rate of between 30,000...
PSX saw three IPOs in 2017, five in pipeline for 2018
LAHORE: As the year end looms, Pakistan Stock Exchange has had its fair share of achievements and heartbreaks, but a Topline Security...
FBR levies regulatory duty of Rs4,669 per ton on imported LPG
KARACHI: To fill its coffers, Federal Board of Revenue levied a regulatory duty of Rs4,669 per ton on liquefied petroleum gas (LPG)...
Jet fuel shortage looms, as PSO faces supply crunch
ISLAMABAD: Jet fuel shortage is now on the horizon as poor planning and mismanagement has disrupted refineries and jeopardized their operations.
This follows...
Pakistan & Russia to sign multi-billion dollar off-shore gas pipeline project
ISLAMABAD: Pakistan has agreed upon signing a multi-billion-dollar offshore gas pipeline deal with Russia in coming few weeks.
This happened on the sidelines...
7th JCC meeting details revealed by Chinese diplomat
Karachi: The beans have been spilt, as a full list of several projects and agreements finalized during 7th Joint Cooperation Council (JCC)...
Oil prices fall as US dollar strengthens
SINGAPORE: Oil prices dipped on Friday as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.
U.S....