US warns German firms of possible sanctions over Russia pipeline
BERLIN: The US ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that...
Saudi Arabia to set up $10 billion oil refinery in Pakistan
Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices
Saudi energy minister says oil market on ‘right track’
ABU DHABI: Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly...
SECP disposes proceedings against K-Electric, imposes fine on CEO and directors
KARACHI: Securities and Exchange Commission of Pakistan (SECP) on Friday said it had disposed of proceedings initiated against the CEO and board of...
Asian LNG prices slide to 8-month low on mild winter
Spot prices for February delivery to Asia LNG this week dropped to $8.50 per million British thermal units (mmBtu), lowest since mid-May, industry sources said
APCNGA announces Rs5 per litre decrease in CNG prices
The prices of regasified liquefied natural gas (RLNG) are deregulated, however, CNG station owners have been advised to reduce their local prices, accordingly, said Paracha
Oil slips on economic worries, but still set for strong weekly gain
Traders said the declines came on lingering concerns over the health of the global economy
Pakistan, World Bank sign $100m agreement for Sindh Solar Energy Project
ISLAMABAD: With an objective to increase solar power generation and access to electricity in Sindh, the government on Wednesday signed a financing agreement...
Saudi Arabia to announce slight rise in oil, gas reserves after audit – source
For almost 30 years - despite rising production, large swings in oil prices and improved technology - Riyadh has annually reported the same number for reserves at around 261 billion barrels, according to a statistical review by BP
Oil prices climb amid U.S.-China trade talk optimism
International Brent crude futures were up 79 cents, or 1.3 percent, at $59.47 per barrel
Petroleum Division seeks ECC go-ahead to revive shelved gas pipeline projects
According to sources, the Petroleum Division will table three options before the Economic Coordination Committee (ECC) to determine the destiny of previously shelved gas pipeline projects
Govt decreases power tariff by Rs3 per kWh for zero-rated industry to enhance exports
Consequently, the tariff cut will be beneficial for the industry and enhance the country’s competitiveness in the global market besides reducing the cost of doing business
PM hasn’t taken any decision to remove MD’s of SNGPL & SSGC
Last week, a report prepared by the Petroleum Division secretary was sent to Prime Minister Imran Khan stating the management of Sui gas companies was responsible for the gas crisis
K-Electric says finalization of financial statements for FY17 & F18 facing delays
The power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18
Asian shares mixed amid silence on China-US trade talks
Japan’s Nikkei 225 index gained 1.1 percent to 20,251.42 and the Hang Seng in Hong Kong added 0.3 percent to 25,905.82.