Oil prices decline after registering 20pc rise in third quarter
Tokyo: Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter,...
Mari Petroleum potential growth momentum to pick up further
LAHORE: Production enhancement along with latest significant exploration activities are set to boost growth momentum for Mari Petroleum (Mari) for FY18, officials...
First unit of Neelum-Jhelum Hydropower project to start generation in Feb 2018
Lahore: Neelum-Jhelum Hydropower project is said to be on the verge of completion as dry testing of electromechanical equipment and switch yard...
Siemens signs agreement order for supply of 50MW wind farm in Pakistan
Lahore: The German company Siemens Gamesa has secured an order from the independent power producer Zephyr Power for the Engineering, Procurement and...
Rs2.12b recovered from Chinese firm for 2008 power project
Islamabad: In good news, the government has been successful in recovering Rs2.12b from Chinese firm Songfang Electric Corporation Limited (SECL) reported a...
ICSID refused key witness testimony in Karkey RPP case
Islamabad:  Senior government officials said International Centre for Settlement of Investment Disputes (ICSID) had ignored Pakistan’s corruption claims and refused a key...
Ogra proposes Rs2.36 per litre increase in petrol price
ISLAMABAD
After notifying due authorities the Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum and Natural...
KP gives nod to center’s proposal for forming upstream regulator
ISLAMABAD: Khyber-Pakhtunkhwa (KP) has given its nod to the center’s proposal for an upstream regulator that would overlook matters linked to oil...
Norwegian energy entity approaches Nepra seeking tariff approval for solar plants
KARACHI: A Norwegian energy entity is seeking tariff approvals for its 150 megawatts peak (MWp) solar plants from Nepra.
It has approached National...
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
Golen Gol Hydropower project’s first 36-MW unit to start production in two months
Islamabad: A local newspaper reported that Golen Gol Hydropower Project will start generating electricity in about two months time.
Located in Chitral district...
Second LNG terminal to be completed by 15th November says: PM
Lahore: A local newspaper reported that the country’s second LNG terminal will be open by November 15th, said Prime Minister Shahid Khaqan...
NEPRA approves Rs 1.82/unit cut in power price
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved a reduction in power tariff by Rs 1.82 per unit on account of...
Oracle extends £1m facility to Pakistan for Thar thermal power station
London: Oracle Power has set up a £1mln short-term loan to provide working capital while negotiations continue over funding for the Thar...
Oil prices sustain gains as markets move towards rebalancing
Tokyo: Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major...