TAPI pipeline administration briefs Pakistan on progress of projectÂ
ISLAMABAD: Ambassador of Turkmenistan Movlamov Atajan, along with CEO and Chairman Board of TAPI Pipeline Company Limited (TPCL) Muhammetmyrat Amanov Tuesday called...
Russia says it’s ready for $25 a barrel oil
Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30...
Russia vs Saudi: How much pain can they take in oil price war?
DUBAI/MOSCOW: Oil titans Russia and Saudi Arabia have accumulated vast financial cushions that will help them weather a lengthy price war. It’s...
Trump blames oil fight, ‘Fake News’ for stock market drop
WASHINGTON: US President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake...
CPPA recommends Rs3.5 per unit hike in power tariff
ISLAMABAD: The country's power tariff may witness an increase of Rs3.506 per unit under the monthly fuel price adjustment mechanism, as the...
Govt mulls selling 10pc OGDCL shares
The federal government on Thursday mulled over the plan to sell out 10 per cent shares of the Oil and Gas Development...
Cabinet likely to freeze electricity tariff till June 2020
ISLAMABAD: The federal cabinet is likely to grant an approval to an action plan devised by the Power Division to keep the...
Additional Rs120bn collected in revenue of energy sector, Omar tells Senate
ISLAMABAD: Minister for Power Division Omar Ayub Khan on Monday informed the Senate that Pakistan Tehreek-e-Insaf (PTI) government had collected Rs120 billion...
New POL taxes may burden masses with Rs25bn
ISLAMABAD: The federal government has almost made a ‘record increase’ in the ratio of taxes imposed on the petroleum products, which in...
OGRA reduces domestic LPG cylinder price by Rs150
The Oil and Gas Regulatory Authority (Ogra) on Sunday reduced the Liquefied Petroleum Gas (LPG) price by Rs150 per 11.8 kilogram for...
Saudi Aramco shares hit lowest since IPO, down over 2pc
DUBAI: Shares of Saudi Aramco (2222.SE) hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in...
Govt mulls deregulating LNG sector to facilitate textile industry
'Import of LNG at competitive rates will help textile millers rationalise their production costs'
NTDC gets Rs6.4bn for construction of 220kV substation, transmission lines at Jhimpir
LAHORE: In order to induct 956MW power from wind power projects to the system, the National Transmission and Despatch Company Ltd (NTDC)...
Muhammad Taha assumes charge as PSO MD
ISLAMABAD: Syed Muhammad Taha on Wednesday assumed charge as the Pakistan State Oil’s managing director/chief executive officer (CEO).
He is known for his...
LPG price surges Rs50 to Rs180 per kg
KARACHI: All Pakistan liquefied Petroleum Gas (LPG) distributors increased on Wednesday the price of LPG by Rs50 per kilogram amid closure of...