NEPRA takes notice of Oct 2 power breakdown in Karachi
ISLAMABAD:Â National Electric Power Regulatory Authority (NEPRA) has taken serious notice of another major blackout in Karachi, which occurred on October 2, and...
U.S. oil exports fall as India turns to Iran ahead of sanctions
U.S. oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June
Oil prices rise as U.S. sanctions against Iran’s crude exports loom
International benchmark Brent crude oil futures were at $84.98 per barrel at 0247 GMT, up 40 cents, or 0.5 percent from their last close
Pakistan confronted by difficult economic situation: IMF
IMF called for more exchange rate flexibility, monetary policy tightening, further fiscal adjustment linked to medium-term consolidation strategy and strengthening the performance of key public enterprises clubbed with further rises in power and gas tariffs
Govt increases gas prices by up to 143pc for SNGPL, SSGCL consumers
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has notified up to 143 per cent increases in gas prices for the consumers...
Adverse weather causing transmission lines to trip, says power minister
KARACHI: Federal Minister for Power, Omar Ayub Khan on Thursday directed the authorities to investigate the matter of tripping of main transmission lines and...
Saudi Arabia agrees to invest in new oil refinery in Pakistan’s Gwadar
Details of the refinery's costs and scope are to be worked out later, says minister
Traders bet on oil at $100 as Iran sanctions loom
Overall exports from Iran have dropped to 2 million barrels per day (bpd) in September from 2.8 million bpd in April, the Institute of International Finance said
Oil falls as Saudi and Russia quietly agree output rise, U.S. stocks swell
Brent on Wednesday hit a four-year high of $86.74 a barrel
Negotiations in final stages with Saudi Arabia for $8 billion Gwadar refinery
Mr Sarwar shared the visiting Saudi delegation had been offered to be a part of the $2 billion North-South Gas pipeline and bid for the forthcoming 10 petroleum exploration blocks set to be auctioned soon
CMEC acquires 10 percent stake in Hubco’s subsidiary TEL for $3.93 million
The coal-fired power project is expected to commercial operation date by March 31st, 2021. Hubco presently produces 1,601MW via its three power plants in Narowal, Hub and Azad Kashmir
ECC asks Petroleum Division to submit comprehensive report on LNG terminal
ECC was told that contractual obligations of EETPL up to provide an annual average of 600 million cubic feet per day (mmcfd) of LNG and contractual quantity for the first year was 1.5 million tons per annum or an annual average of 200 mmcfd
Power prices hiked by Rs1.16 per unit
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) on Wednesday increased Rs1.16 per unit in the electricity tariff on account of monthly fuel...
Pakistan seeks to build oil refinery near Gwadar port: minister
Local media have reported that Islamabad is hoping for a deferred-payment deal for Saudi oil to help shore up foreign reserves and possibly even a bridge loan of around $2 billion
Bill allowing U.S. to sue OPEC drawing renewed interest
Saudi Arabia, the world’s top oil exporter, is worried that NOPEC could turn into another Justice Against Sponsors of Terrorism Act (JASTA) law, which allows victims of the Sept. 11 attacks in the United States to sue Riyadh