Vopak to buy 44% stake in Elengy Terminal Pakistan
The acquisition will be done in separate transactions with International Finance Corp (IFC) and Engro Corp and will include a 29 percent share it had already said it would buy in July, the company said in a statement
Saudi Aramco plans gas investments of $150 billion over next decade: CEO
Nasser also said Aramco plans to invest $100 billion over the next 10 years in chemicals globally, in addition to potential acquisitions
Asia puts brave face on Trump threat, oil subdued
MSCI’s broadest index of Asia-Pacific shares outside Japan dithered either side of flat and was last up 0.2 percent
Nepra reserves judgement on power tariff hike
Currently, the uniform power tariff stands at Rs11.71 per unit and if the hike gets approved by Nepra, the rate would rise to Rs12.98 per unit, the representative said
SNGPL received 2.4m applications for domestic connections
Punjab is producing 119 million cubic feet of gas (mmcfd) and getting 1,000 mmcfd, Khyber-Pakhtunkhwa (K-P) is producing 411 mmcfd and getting 296 mmcfd, Sindh is producing 2,320 mmcfd against the consumption of 1,696 mmcfd and Balochistan is producing 467 mmcfd against a demand for 292 mmcfd
ExxonMobil set for comeback in Pakistan after nearly three decades: Report
Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years
Govt urged to cut rates of return for power plant owners
ISLAMABAD:Â An international firm, Krafrac Consulting, has recommended National Electric Power Regulatory Authority (NEPRA) to revise the high rates of return for power...
Oil price slump is part of broader Asian pullback
But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar
Dollar steady in safe-haven trade, sterling gains slightly on Brexit deal news
The greenback and the yen, both considered safe-haven currencies advanced as traders fear that last week’s capitulation in oil prices suggests that the global economic recovery is losing steam
Nepra deprived of legal power in absence of two members
At present, Nepra has only two members from Balochistan and Punjab respectively in the five-member authority
HUBCO recommends federal govt to provide furnace oil at zero sales tax: Report
ISLAMABAD: Hub Power Company (HUBCO) chief executive officer has recommended the federal government to provide furnace oil at zero rate of sales...
NEPRA’s quorum completes as govt appoints Member Sindh Â
ISLAMABAD: Quorum of the National Electric Power Regulatory Authority (NEPRA) has completed as the government has appointed Rafique Ahmed Shaikh as Member...
Test proves Tarbela 4 project’s efficiency higher than envisaged
ISLAMABAD:Â The Pakistan Water and Power Development Authority (WAPDA) has successfully carried out simultaneous load rejection test of all three units of Tarbela...
Asian LNG prices dragged down by oil slide, heavy supply
Spot prices for January delivery in North Asia were estimated at $10 per million British thermal units (mmBtu), 90 cents lower than last week, according to traders
Oil hits 2018 lows on emerging supply glut
International benchmark Brent crude oil futures hit their lowest since December 2017 at $61.52 per barrel, before recovering to $62.10 by 0430 GMT