PSO pondering Rs40b investment to expand market share
Karachi: According to Taurus Securities, Pakistan State Oil (PSO) the state-owned conglomerate is considering investing up to Rs40b for revamping its storage...
Russian company agrees to setup oil refinery in KP
Islamabad: A memorandum of understanding (MOU) Â was signed between Russian consortium of investors which includes Inter-Rao Engineering and Himmash Apparat will be...
PM Abbasi calls for shift to RLNG power plants
Islamabad: Pakistan which currently produces 60pc of its electricity from furnace oil, will see it being gradually replaced by Liquefied Natural Gas...
Tarbela Hydropower Station gets new Power GM
ISLAMABAD
Water and Power Development Authority (WAPDA) has promoted the Power Chief Engineer of Hydel Power Station Tarbela, Sher Afzal Khan as its...
PPIB issues LoS to first-ever HVDC transmission line project in Pakistan
ISLAMABAD
Private Power and Infrastructure Board (PPIB) have issued a Letter of Support (LOS) to the 660 kV Matiari-Lahore HVDC Transmission Line Project.
The...
Depite tall claims, PML-N govt fails to award new petroleum licenses
ISLAMABAD
Contrary to its tall claims of providing a boost to oil and gas exploration and production activities in the country, Pakistan Muslim...
Energy projects under CPEC to be completed on time: spokesman
ISLAMABAD
Spokesman of China-Pakistan Economic Corridor (CPEC) on Wednesday said that all energy projects under CPEC would be completed by the given schedule...
K-Electric reports rise in profits of 15.53pc
Karachi: In a notification sent to the bourse on Wednesday, K-Electric reported its results for the financial year 2016 ended June 30th.
It...
South Korean investors willing to invest $60m for producing energy from waste
Lahore: South Korean investors want to invest 60 million dollars in Punjab to produce energy from waste. A high level Korean delegation,...
Conversion of furnace-oil power plants to LNG be prioritized says: PM
Islamabad: As the power shortfall once again crossed over 5,000MW on Tuesday with generation recorded at 18,500MW and demand at 23,500MW, Prime...
Arif Habib Corporation to establish 330-megawatt coal power plant in Thar
Karachi: Arib Habib Corporation Chairman, Arif Habib announced on Tuesday at the Karachi Press Club that his company will be establishing a...
China offered to establish deep-country oil refinery in Lahore
Islamabad: China has been extended an offer by Pakistan for setting up a mid-country deep-conversion oil refinery in Lahore, according to officials.
This...
PSO reports 43.63pc increase in profits for FY 2016-17
Karachi: In a notification sent to the bourse on Tuesday, Pakistan State Oil reported its earnings for the financial year ended 2016-17.
PSO...
Pakistan’s petroleum sector attracted $10b investment in last four years
Islamabad: The petroleum sector attracted over $10 billion in foreign investment, despite a tame international oil market during the last four years,...
SSGC seeks sovereign guarantees for installing LPG air-plants
Islamabad:Â According to sources, Sui Southern Gas Company (SSGC) is seeking the federal governments help to offer sovereign guarantees worth for billions...