NPPMC declines to clear Rs15b penalty imposed on two Chinese companies
ISLAMABAD: The National Power Park Management Company (NPPMC) has refused to give an end to a penalty worth Rs15 billion it imposed...
China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources
China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data
Oil drops 1% as U.S. allows Iran sanctions waivers
Both contracts have fallen more than 15 percent from the near four-year highs touched in early October on worries the looming Iran sanctions could drain supply from global markets
LNG is the future and only option to save foreign exchange for Pakistan: Iqbal Z Ahmed
By 2020, it is anticipated the country’s LNG imports will rise to 30 million ton
Oil edges up on hopes that U.S. and China can resolve trade dispute
Front-month Brent crude futures were at $73.04 per barrel at 0520 GMT on Friday, up 15 cents, or 0.2 per cent, from their last close.
Shell profits soar to four-year high
The world’s second-largest listed oil and gas company saw its cash generation from operations rise by nearly 60 percent to $12.1 billion, as deep cost savings in recent years filtered through
FATA has attracted Rs3.5b investment from oil & gas companies in last one year
Oil and Gas Development Corporation Limited (OGDCL), Al-Haj Enterprises Pvt Ltd, BGP (Pakistan), Xian Senshe, Geofysika Krakow and MOL (Pakistan) have established base camps in different agencies in erstwhile FATA
France invited to utilise rich energy resources of Pakistan
ISLAMABAD: Power Minister Omar Ayub Khan said on Wednesday that Pakistan has emerged as an important energy market with tremendous opportunities available...
KE says will approach NEPRA for review of fine
KARACHI:Â Responding to the imposition on fine by National Electric Power Regulatory Authority (NEPRA), K-Electric has clarified in a statement that it was...
Pakistan says court lacks authority to impose $846m award over Karkey project
The tribunal initially ordered Pakistan to pay $501 million, however, due to nonpayment and accumulation of interest, the total has grown to nearly $846 million
UAE urged to explore Pakistan’s energy sector
ISLAMABAD:Â Planning, Development and Reform Minister Makhdum Khusro Bakhtiar has invited the UAE to benefit from the energy sector of Pakistan, which offered...
NEPRA imposes Rs2 million fine on K-Electric
NEPRA observes people were electrocuted due to K-Electric's poor maintenance of distribution networkÂ
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) has imposed...
Oil prices rise for first time in three days, but trade war drags
Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October and are on track to post their worst monthly performance since July 2016
Govt rejects demand to extend manganese phase out plan for oil refineries
On Tuesday, the government called for the manganese phase-out plan to be implemented strictly and directed refineries to decrease its manganese content to 24 milligrams per litre of petrol within two days
OGDC suggests disputable candidates for managing director post
OGDC’s board has commenced the process for the appointment of new managing director and suggested names of officials who were working in its contracting entities