CNG sector set to be waived off 50pc payment owed under GIDC
Islamabad: The Gas Infrastructure Development Cess (GIDC) Act 2015 is planned to undergo some revisions by the incumbent government, which would allow...
87pc of work completed on Tarbela 4th extension power project
Islamabad: Around 87 per cent work has been completed on the Tarbela 4th Extension Power Project so far and its Unit 17...
Polish company to drill 14 exploration wells for hydrocarbon reserves
Islamabad: A Polish oil and gas company, PGNiG, would drill 14 exploration wells in hydrocarbon potential areas during the current year.
"The company...
Delay in commercial operations of three LNG power plants
ISLAMABAD: Three under-construction 3600 MW LNG-fired power plants face troubles as they are still on the trial runs that could lead to...
Govt keen to double LNG imports by signing agreements with Algeria and Nigeria
Islamabad: With the growing energy demands, the current government seems determined to sign agreements with big African LNG exporters Nigeria and Algeria.
The...
Petroleum production grew by 3.39pc during FY 2016-17
Islamabad: Petroleum production grew by 3.39 percent during 11 months of last fiscal year from July to May as compared to same...
Oil prices claw up slightly amidst reported fall in US crude stocks
Singapore: Oil prices edged up on Thursday, clawing back some ground after losses in the previous session.
Traders said the market was range-bound...
Oil tankers association again threatens strike if demands not met
Karachi: All Pakistan Oil Tankers Association has once again threatened a strike in regards to stoppage of oil supplies in case if...
Chinese to invest $4b in setting up petrochemical complex in Sindh or Balochistan
Karachi: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Zubair M. Tufail on Wednesday announced that a Chinese proposal to...
Shell posts profits of Rs942.28m for April-June 2017
Karachi: In a notification sent to the bourse on Wednesday, Shell Pakistan announced its earnings for the quarter ended April-June 2017.
Shell Pakistan...
Govt considering imposing levy to expand POL storage capacity
Islamabad: The government is mulling to impose a levy on the sale of all transport fuels, which would help improve the storage...
Neelum-Jhelum hydropower project to start generating electricity next year
Lahore: The first unit of Neelum-Jhelum Hydropower Project (NJHPP) and Tarbela-IV Extension will start generating 2379MW power during the next year, Wapda...
India moves to revive TAPI gas pipeline
NEW DELHI
India will host the next steering committee meeting of the proposed 1,814 kilometre-long Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, senior officials on both...
Power projects of 2,733MW capacity being undertaken by CTG
Beijing: China Three Gorges Corporation (CTG) is actively engaged to install its six power projects in Pakistan, having total capacity of 2,733MW,...
Lalpir Power reports profits of Rs307.25m for April-June 2017 quarter
Karachi: In a notification sent to the bourse on Tuesday, Lalpir Power Limited (LPL) announced its earnings for the quarter ended April-June...