U.S. will not stop Iran exporting oil, Iranian president says
The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran’s oil exports to zero in a bid to curb the Islamic Republic’s missile programme and regional influence
Oil prices extend gains on expected OPEC-led supply cuts
International Brent crude oil futures were up 40 cents, or 0.7 percent, at $62.09 per barrel
Rs25 billion subsidy sought for supply of imported gas to captive power plants
Sources said petroleum division has asked for a Rs25 billion subsidy for supply of imported gas to captive power plants for nine months
Kanupp-II to commence operations in December 2020
AEDB Chairman said it was important to phase out imports and give preference to indigenous resources considering 24% of the country’s overall imports are related to energy
Govt committed to providing uninterrupted gas to export industry
Petroleum minister says zero-industrial units will be given Rs25 billion subsidy on gas for three months
LAHORE:Â Petroleum Minister Ghulam Sarwar Khan said...
WAPDA decides to divert water supply to Satpara Dam
ISLAMABAD:Â With the Satpara Dam unutilised for years, the Water and Power Development Authority (WAPDA) has taken a decision to fill the dam...
PM lauds Power Minister Omar Ayub over steps against power theft
Prime Minister Imran Khan on Saturday congratulated Minister for Power Division Omar Ayub Khan and his ministry for taking steps against power...
Oil prices creep up on expected OPEC cuts, but U.S. supply growth caps gains
International Brent crude oil futures were at $59.65 per barrel at 0533 GMT, up 14 cents, or 0.2 percent, from their last close
Asian LNG prices on downward spiral amid warm winter, high stocks
Spot prices for January delivery in North Asia were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents from the previous week
Ogra proposes Rs6.21 per litre increase in petrol price
Ogra has suggested an increase of Rs6.21 per litre in petrol, Rs2.0 per litre in high-speed diesel (HSD), Rs7.79 per litre in light diesel oil (LDO)
Asian stocks gain after Fed chief hits rate rises may slow
The Shanghai Composite Index rose 0.6 percent to 2,605.27 and Tokyo’s Nikkei 225 advanced 0.9 percent to 22,378.46
Oil strengthens ahead of G20 meeting, but supply rise caps gains
International benchmark Brent crude rose 27 cents, or 0.5 percent, to $59.03 a barrel, having dropped 2.4 percent on Wednesday to $58.76 a barrel
CCoE bars import of imported furnace oil for three months
The Power Division apprised the committee that furnace oil was being utilized to stabilize fuel supply and in the last few months it was being used by power plants rather than LNG
Loan size for Rabi crops being raised to Rs30,000 under E-credit scheme
Minister was told in the meeting that under E-credit scheme interest-free loans of Rs 453,682 had been provided during last four seasons while loans of 32.027 percent were being provided during the ongoing season
Next Capital announces client’s intention to acquire 49.90% stake in Johnson and Phillips
Johnson and Phillips have a market capitalization of Rs343.90 million and counts itself amongst the first foreign company to have opened an office in Pakistan after independence in August 1947