SIFC steps in to mediate K-Electric ownership kerfuffle
The Minister for Energy (chair), Minister for Privatisation, and Minister for Law & Justice have been brought together to mediate and find a solution
Norwegian hydro firm, GB govt sign agreement for investment in power sector
ISLAMABAD: Norwegian Hydro Company (NOR Hydro) and the Gilgit-Baltistan government have joined forces to pioneer sustainable energy production. A historic investment agreement was signed...
PPRA board grants exemption to PNSC for procurement of two secondhand vessels
ISLAMABAD: Public Procurement Regulatory Authority (PPRA) board has granted exemption from applicability of PPRA rules to Pakistan National Shipping Corporation (PNSC) for the procurement...
Let there be crude; Pakistan, China ink petroleum sector agreement
The agreement is set to increase PRL’s refining capacity from 50,000 bpd to 100,000 bpd
Senate panel summons NTDC board
ISLAMABAD: Senate Standing Committee on Power has decided to summon the Board of National Transmission and Despatch Company (NTDC) in the next meeting to...
Govt deprives masses from full relief in petroleum prices by increasing taxes, margin on petrol, diesel
ISLAMABAD: The caretaker government while deciding the prices of petroleum products for second half of October 2023 has deprived the already burdened masses from...
A bid from Prax, and interest from Aramco; what’s going on with Shell?
Shell looks to be sold to a foreign buyer and, for all intents and purposes, it should
Unlicensed Konnect Gas allegedly involved in unlawful sale of unprocessed gas to CNG stations since 2020
ISLAMABAD: Without getting gas sale license from Oil and Gas Regulatory Authority (OGRA), an unlicensed gas company has allegedly been involved in the illegal...
Is petrochemical set to be Pakistan’s next industry to watch?
Pakistan is on the precipice of its first ever petrochemical policy
Sundays possible price reduction raise fears of inventory losses for OMCs
With the fortnightly price update on the horizon, OMCs have resorted to giving discounts for petrol and diesel
CCoE likely to end free electricity facility for WAPDA, DISCOs, GENCOs, NTDC, PITC officers
ISLAMABAD: The federal government has decided to end free electricity facility for the officers of the electricity companies and the Cabinet Committee on Energy...
MPCL discovers new gas reserves in Ghotki Sindh
ISLAMABAD: Mari Petroleum Company Limited (MPCL) has discovered new gas reserves in Ghotki-Sindh which will initially yield 1.11 million cubic feet of gas per...
K-Electric pins massive net loss of Rs 30.9bn in 2023 to macroeconomic hurdles
ISLAMABAD: K-Electric (KE) has reported a staggering net loss of Rs 30.9 billion during the financial year (FY) 2023 which is a stark contrast...
Oil continues to tumble after previous session’s slide
Oil prices fell by more than $1 on Thursday, extending the previous session's sharp losses as an uncertain demand outlook overshadowed any boost from...
Pakistan buys first LNG spot cargo since 2022
PLL has bought a cargo from Vitol for $15.97/mmbtu
