Oil edges back from big slump as Iran sanctions return to focus
Front-month Brent crude oil futures were at $76.72 a barrel at 0320 GMT, 28 cents, or 0.4 percent, above their last close
Nepra levies Rs4 million fine on IESCO
Nepra stated IESCO failed to maintain the authorized voltage levels and supply electricity connections within the given time and orchestrated data regarding the number of interruptions, number of complaints and duration of interruptions
Procurement of land for Dasu hydropower project hits snags
An official source said Sigloo, Kaas and Sheikhabad are the areas where main civil works need to be initiated for main Dasu project and 500 acres of land is required in these places.
Master group wins bid to setup 99MW hydropower project
According to Pedo, the bid submitted by Masters Textile Limited and CHEC was greatly responsive in respect of “completeness, competitiveness, reasonableness and has the lowest rank"
PETRA chief calls for utilising Pakistan’s renewable energy resources
LONDON: PETRA Global Energy Group (United Kingdom) President and CEO Sheikh Rehman has stressed upon exploiting the rich potential of renewable energy...
Pakistan’s delayed LNG power plants set for final pre-operations checks in December-January: official
The delays at the three new plants - Haveli, Bhikki and Balloki - have forced Pakistan LNG to divert contracted liquefied natural gas (LNG) shipments
Saudi Arabia has ‘no intention’ of 1973 oil embargo replay: TASS
Several U.S. lawmakers have suggested imposing sanctions on Saudi Arabia in recent days while the kingdom, the world’s largest oil exporter, has pledged to retaliate to any sanctions with “bigger measures”
Asia petrol buckles under supplies; crack at over two-year low
Petrol margins against Brent crude fell 63 percent from the start of the month to $3.04 a barrel on Thursday, the lowest since Aug. 1, 2016, before recovering to $3.55 a barrel on Friday
Work on Mardankhel gas pipeline commences
The mega project is expected to significantly redress energy crisis in the country
ISLAMABAD: Days after the successful commissioning of Mardankhel 2...
Wapda signs Rs4.9b contract for construction of Dasu hydropower infrastructures
The contract is scheduled to be completed in about two years. Dasu Hydropower Project will be completed in two stages
Thar coal power plant set for completion by March 2019
ISLAMABAD: Thar coal power plant will be completed by March 2019 and start generating 660MW as most of the work on mining...
Engro says govt has no contractual right to renegotiate LNG agreement
On Thursday, the Information Minister Fawad Chaudhary had announced the government would be conducting an audit of the two LNG deals
Oil prices edge up, but set for weekly loss on stock build, trade row
For the week, U.S. crude was down 3.5 percent, while Brent was 1.1 percent lower, putting both on track for a second consecutive weekly decline
Federal Cabinet decides to renegotiate LNG deals
The information minister said the provinces would reduce their share in the National Finance Commission Award to give 3 percent share for the development of erstwhile FATA
Cabinet endorses gas tariff hike proposed by ECC
ISLAMABAD: The federal cabinet on Thursday endorsed a hike in gas tariff and other decisions taken by the Economic Coordination Committee (ECC).
The meeting...