Neelum-Jhelum Project starts power generation: WAPDA
'The project will supply 4.6bn units of inexpensive electricity to the national grid in 2019-20'
A detailed inspection of Neelum-Jhelum power project has been...
Russian oil output down in January, misses global deal target
Rosneft, the world’s largest oil producer by output, reduced its production by 0.1 percent last month from December, while second-largest Russian oil producer Lukoil saw production cuts of 0.8 percent
PLL successfully arranges additional LNG cargoes for March and April
Four LNG cargoes will arrive here in Pakistan in March and five are scheduled for the month of April to meet the energy requirements
Asian LNG prices dive to nine-month low on supply surplus
Spot prices for March delivery to Asia this week fell to $7.00 per million British thermal units (mmBtu), down $1 from the previous week, lowest since April 6, trade sources said
Oil caught between trade talk hopes, weak China data
Oil futures received support from a broader financial market rally, which saw Asian shares hit four-month highs on Friday on hopes the United States and China could strike a trade deal
Essential documentation ongoing for timely execution of TAPI pipeline project
The TAPI Pipeline Company Limited (TPCL), the consortium leader, has expressed the desire to hold an inaugural ceremony in March 2019, in Pakistan, inviting the head of states of all four countries
Pakistan says curbing power sector debt, seeks energy investors
ISLAMABAD:Â Pakistan expects debt being built up within its troubled power sector to level off this year and start falling, its power minister...
Govt striving hard to generate indigenous, affordable electricity: minister
Omar Ayub says new energy policy will focus on generating at least 20pc electricity from renewable resourcesÂ
ISLAMABAD:Â Power Division Minister Omar Ayub...
Pakistan & Azerbaijan to constitute a joint working group on energy: Ghulam Sarwar Khan
In October, Pakistan was extended an offer to obtain an open credit line of $100 million for the procurement of petroleum products by Azerbaijan without any sovereign guarantees
Oil prices rise on Venezuelan supply concerns following U.S. sanctions
The gains followed a 2-percent price jump in the previous session when markets first digested the U.S. sanctions on Venezuela’s oil exports
Energy-short Pakistan moves to power up solar manufacturing
Pakistan’s government has proposed to eliminate taxes associated with manufacturing of solar and wind energy equipment in the country, in an effort...
Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank
Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South’s smallest refiner by capacity
Oil falls on increased U.S. rig count, China industrial slowdown
International Brent crude oil futures were at $61.03 a barrel, down 61 cents, or 1 percent
Govt withdraws exemption allowing K-Electric to import furnace oil
K-Electric is the only power producer having a constant usage of 4000-5000 tons per day consumption of furnace oil
PTI govt foregoes Rs125b to textile, fertilizer, power industries
---Previous govt had missed its actual GIDC collection target by an average 56pc
ISLAMABAD: The incumbent government has forgone approximately Rs125 billion to...