Recent slide in global oil prices will benefit Pakistan’s economy
KARACHI: As the number of coronavirus cases rose outside China, oil slid more than five per cent at its session low on...
Ayub claims country offers $100b investment opportunities in energy sector
ISLAMABAD: Federal Minister for Energy Omar Ayub Khan has claimed that Pakistan offers around $100 billion investment opportunities in the energy sector,...
17 new oil and gas exploration blocks await security clearance
ISLAMABAD: The Petroleum Division has forwarded a case of around 17 onshore oil and gas exploration blocks to the quarters concerned for...
TAPI gas pipeline to be completed by 2023, SC told
ISLAMABAD: The Supreme Court (SC) was informed on Tuesday that the Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project would be completed by 2023.
A three-member bench...
PSO’s half-year profit surges by 51.4%
KARACHI: The Pakistan State Oil Limited (PSO), the largest player in the local oil market, has seen a Substantial increase in its...
OMCs stop operations at Keamari due to toxic gas leakage
ISLAMABAD: Following toxic gas leakage in Keamari which led to the death of almost 14 persons, oil marketing companies (OMCs) have temporarily...
‘Efforts underway to privatise HBS, Balloki power plants by April mid’
ISLAMABAD: The 8th meeting of the Transaction Committee for the privatisation of the National Power Parks Management Company Limited (NPPMCL) was held...
NTDC installs auto transformers at Lahore, Jamshoro grids
In order to cater to the increased demand of electricity during the summer season, National Transmission and Despatch Company Ltd (NTDC) is...
Petroleum Division asked to change oil and gas pricing formula for production companies
ISLAMABAD: The Finance Ministry, apparently to ensure reduction in the prices of local oil and gas, has advised the Petroleum Division to...
NA body defers meeting to decide power tariff hike
LAHORE: The National Assembly’s Standing Committee on Commerce deferred on Thursday a meeting, earlier scheduled to be held tomorrow (Friday) in Islamabad...
Knitwear industry mulls nationwide protests over ‘unjust’ power tariff
LAHORE: The value-added knitwear industry on Thursday warned the federal government of launching countrywide protests from next week if it (government) fails...
30mmcfd gas from Badin IV South Fields enters SSGCL system
ISLAMABAD: The 30mmcfd high-quality gas has recently been injected into the distribution system of the Sui Southern Gas Company Limited (SSGCL).
The gas...
Petroleum Division’s new method to determine gas prices opposed
ISLAMABAD: The Senate’s Standing Committee on Petroleum on Tuesday opposed a proposal, being considered by the quarters concerned, to introduce the ‘Weighted...
NEPRA defers decision to increase power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Tuesday deferred its decision to increase electricity price for the month of November...
Thai delegation invited to explore Pakistan’s energy sector
ISLAMABAD: Federal Minister for Power and Petroleum Omar Ayub Khan on Monday said the government was offering investment opportunities worth $80 billion...