Cabinet endorses gas tariff hike proposed by ECC
ISLAMABAD:Â The federal cabinet on Thursday endorsed a hike in gas tariff and other decisions taken by the Economic Coordination Committee (ECC).
The meeting...
Pakistan to become energy sufficient soon: Omar Ayub Khan
ISLAMABAD: ‘One of the most important countries in the One Belt One Road (OBOR) project is Pakistan. The Karakoram Highway that connects...
U.S. oil edges up after 3 percent drop on big stock build
Signs that Iranian oil exports have been falling more steeply than some in the market expected amid looming U.S. sanctions have underpinned the oil market
Pakistan’s oil imports may touch $20 billion in FY19 if current prices prevail
Shell CEO said if the oil pipeline infrastructure was overhauled in Pakistan, it would contribute to a windfall of $50 to $100 million which would be passed on to consumers
Austrian envoy assures cooperation in clean energy development
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar on Tuesday appreciated the Austrian cooperation in different hydroelectric and energy projects across Pakistan.
The...
ECC to decide electricity tariff hike in next meeting Â
KARACHI: After an increase in the gas tariff, the government has further deferred the increase of electricity by Rs3.75 per unit to...
PCMA calls for joint ventures with Saudi Arabia in petrochemical projects
Pakistan’s chemical imports constitute around 17 percent of the total import bill
Pakistan & Russia reach consensus to augment validity of North-South gas pipeline
The North-South gas pipeline is to be built on the build, operate and transfer (BOT) basis and Pakistan will get control of it after 25 years
Govt to review LNG terminal agreements
The ECC instructed the Petroleum Division to ask for the legal opinion of Law and Justice Division regarding the LNG terminal agreements and know if the government had any recourse to revisit the terms and conditions
Denmark offers financing for wind energy projects
Danish envoy says Pakistan should establish an ‘energy police force’ that could address the problems of electricity theft
KARACHI:Â Denmark has offered...
ICAP against privatisation of DISCOs, warns of hazardous consequences
--‘There is an imbalance in govt’s energy policy which is causing an increase in the import bill’
KARACHI:Â The Institute of Chartered Accountants of...
Iranian crude exports fall further as Trump’s sanctions loom
The Islamic Republic has exported 1.33 million barrels per day so far in October to India, China, Turkey and the Middle East
First unit of Thar power plant likely to contribute 330MW by December 2018
According to details, so far 92 per cent of work on coal mining and 93 per cent work of power plant has been completed
Govt seeking amalgamation of two oil and gas regulators
The petroleum division has told Ogra to prepare a summary for the Council of Common Interests (CCI) requesting transfer of upstream oil and gas regulation to Ogra as a centralized regulator to take care of the whole oil and gas sector from exploration and production to its sale to consumers
Oil prices rise amid Saudi tensions, but demand outlook drags
Brent crude had risen 98 cents, or 1.22 percent, to 81.41 a barrel by 0124 GMT, on track for its biggest daily gain since Oct. 9