Lakhra power plant to be made operational, says Shibli Faraz
ISLAMABAD: The leader of the house in the Senate Shibli Faraz Tuesday said the government will make functional the Lakhra Power Plant,...
Petroluem production increases by 13.24pc during FY2017-18
ISLAMABAD: The production of petroleum products witnessed a 13.24 per cent increase during the fiscal year 2017-18 as compared to the last...
Oil stable as U.S.-China trade row weighs, Iran sanctions cut supply outlook
International Brent crude oil futures were at $75.75 per barrel at 0122 GMT, down 7 cents from their last close
LNG agreements to be reviewed & made public: Sarwar
During the press conference, the petroleum minister raised serious contentions over the LNG deal signed with Qatar and called the fuel pricing mechanism faulty as diesel should be cheaper than petrol
Circular debt in power sector surges to record high of Rs1.155 trillion
Line losses were recorded at 18.3 percent against an allowed limit of 16.3 percent, with the additional cost of Rs196 billion per annum passed unfairly onto consumers
Oil rises as China demand resumes, signs that Iran supply curbed
U.S. crude rose more than 4 percent on the week, after seven consecutive declines, and Brent rose 5.3 percent after three weeks of falling prices
Govt will review petrol, diesel prices, increase local production: minister
ISLAMABAD: Minister for Petroleum Ghulam Sarwar Khan on Friday assured that the petroleum prices and taxes will be reviewed and fixed in...
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the crown prince’s plan to diversify the kingdom’s economy beyond oil by raising $100 billion for investment in other sectors
Oil prices rise on Iran sanctions, but U.S.-China row mutes’ trading
Brent crude oil futures were at $75.07 per barrel at 0424 GMT, up 34 cents, or 0.5 percent, from their last close
Pakistan’s energy-linked imports soar 34 percent, touch $1.27 billion in July
Liquefied Natural Gas (LNG) imports soared 144 percent to $332 million during July 2018 against $135.2 million in July 2017 due to the commencement of operations at various RLNG based power plants, said PBS
ISGS to put fate of white oil pipeline project before PTI government
Ogra disregarding ISGS granted the other similar pipeline project to FOC without conducting a public hearing for it
U.S. oil extends gains after crude inventories fall
U.S. commercial crude oil inventories fell by 5.8 million barrels in the week to Aug. 17 to 408.36 million barrels, the Energy Information Administration (EIA) said on Wednesday
Aramco listing plan halted, oil giant disbands advisors – sources
The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia shifts its attention to a proposed acquisition of a “strategic stake” in local petrochemicals maker Saudi Basic Industries Corp, two of the sources said
Oil firm on tighter U.S. outlook, but strategic reserve release caps market
International Brent crude oil futures were down 9 cents, at $72.12 a barrel
Break-up monopoly of SNGPL, SSGC & separate distribution from transmission, says: Iqbal Z. Ahmed
When JJVL commenced operations, there was a monopoly of around six companies at that time and now 130 entities existed, crediting itself for the efforts of bringing distribution down to the district level, said Iqbal Z. Ahmed