PSO makes payment for its short-term borrowings
Karachi: State owned oil giant, Pakistan State Oil (PSO) on Monday said it had disbursed payments for its short-term borrowings on account...
Domestic oil production rises by 3pc
Karachi: A research study from Topline Securities on Monday revealed that Pakistan’s oil production had recorded a 3pc increase during 2016-17 rising...
Combined import bill of food, machinery and oil rose by 29pc during FY 2016-17
Islamabad: According to data released by Pakistan Bureau of Statistics on Friday, the combined import bill of machinery, food and oil for...
OGDCL pondering acquisition of exploration & production company abroad
Karachi: Oil and Gas Development Company (OGDC) is pondering on acquiring an exploration and production company in Africa or the Middle East...
Petroleum ministry to undertake Rs190m coal exploration projects in Balochistan
Islamabad:  Ministry of Petroleum and Natural Resources would execute two new projects worth Rs 190 million for coal exploration and evaluation in different...
Chinese delegation considers investment opportunities in KP’s oil and gas sector
Peshawar: A Chinese CCK Group delegation visited Khyber-Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) on Thursday, and held detailed discussions to explore...
PPL drills 1.3 km-long horizontal well for tight gas
Karachi: Pakistan Petroleum Limited (PPL) has drilled and completed tight gas horizontal well Naushahro Feroz (NF) Hor-1, an official said here on...
Power tariff for June may see reduction of Rs2.13 per unit
Islamabad: A petition for electricity tariff reduction has been filed with National Electric Power Regulatory Authority (NEPRA) by the Central Power Purchasing...
PSO borrowings from banks surge to Rs130.5b
Islamabad: Pakistan State Oil’s (PSO) borrowing from banks has surged to Rs130.5b due to default of payments by Pakistan International Airlines (PIA)...
Wind power projects take priority over coal in Pakistan
Islamabad: Pakistan is beginning to reap the benefits of Chinese investment in renewable energy infrastructure, with the opening of the first wind...
PML-N lawmakers assure completion of 3600MW power projects
Lahore: Pakistan Muslim League-N (PML-N) lawmakers assured on Tuesday completion of 3,600 megawatt power projects in Jhang, Sheikhupura and Balloki within the...
Multi-year tariff structure would be financially constraining says: K-Electric
Karachi: On the second day of the scheduled hearing by National Electric Power Regulatory Authority (Nepra) into K-Electric’s (KE) review motion, the...
Petroleum ministry contemplating floating tenders for building of oil pipeline
Islamabad: The tragic oil tanker incident which took place in Ahmedpur East last month has made the petroleum ministry to consider revamping...
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...
SSGC assigned to construct Karachi-Nawabshah gas pipeline
Islamabad: Sui Southern Gas Company (SSGC) has been given the task of finishing the Karachi-Nawabshah gas pipeline by the government as the...