Govt rebuffs Saudi offer to acquire LNG power plants under sovereign deal
According to sources, Saudi Arabia asked Pakistan to give free land, complete security and utility facilities for establishing an oil refinery having 100,000 barrel per day (BPD) capacity at Gwadar
Oil near four-year high as Washington’s Iran sanctions loom
Brent has risen by around 20 percent from the most recent lows in August
After gas tariff, price of LPG increases by Rs5
ISLAMABAD:Â The price of liquefied petroleum gas (LPG) has been increased by Rs5 following the 40 per cent hike in the gas tariff.
According...
Pakistan reaches out to Saudis for bailout
ISLAMABAD:Â After a formal request, Pakistan is likely to get $2 billion worth petroleum products from Saudi Arabia on deferred payments for two...
1,320MW CPHGC plant connects to national grid
ISLAMABAD:Â The 1,320 megawatts coal-fired power plant of the China Power Hub Generation Company (CPHGC), which is under construction in Hub, Balochistan, has...
Is the policy to keep petrol prices unchanged sustainable?
The govt responded to this conundrum by correspondingly decreasing the applicable sales tax rates on high-speed diesel from the current 22 percent to 17.5 percent for high-speed diesel (HSD), for petrol from 9.5 percent to 4.5 percent and kerosene oil from 6 percent to 1.5 percent
NCPL posts profit of Rs3.406 billion in FY18
The decline in net sales was attributed to the lower level of dispatches, down 30 percent YoY, however, furnace oil had undergone an increase of 27 percent YoY.
Brent crude touches four-year high, as Iran sanctions loom
Benchmark Brent crude oil futures rose to as much as $83.27 a barrel and were at $83.21 at 0339 GMT, up 48 cents, or 0.6 percent from their last close
Saudi delegation reaches Islamabad, may sign four MoUs
Riyadh is exploring the possibility of setting up an oil refinery at Gwadar and investing in LNG-based power projects in Punjab and a copper and gold project in Balochistan’s Reko Diq
Imran Khan’s bid to crowdfund $14 billion for Pakistan dam
The government’s plan is to build two facilities: the Mohmand dam in the country’s northwest, widely seen as feasible, and the much larger, troubled Diamer-Basha project in the north, first mooted in the early 2000s
Previous govt made Rs72 billion illicit payment to power producers: AGP
The ECC meeting was apprised the sub-committee on circular debt had called the non-adjustment of liquidity damages by the Minister of Water and Power (MoWP) against claims of Independent Power Producers (IPPs) of Rs22.91 billion as illegal
Asia’s troubled emerging markets to shave oil demand next year
SINGAPORE: Asia’s emerging markets, the key driver for global oil demand growth, are being hit hard by soaring crude prices and sliding...
Oil prices edge up amid uncertainty over fallout from Iran sanctions
The most-active Brent crude futures contract, for December, had risen 18 cents, or 0.22 percent, to $81.56 per barrel by 0126 GMT. That was close to a four-year high of $82.55 struck on Tuesday
Furnace oil-based power generation to be phased out over coming few years: Nepra
The power sector regulator opposed any move to reduce power tariff for end-consumers, cautioning any such move being contemplated by the government could impact upcoming power projects
Shell Pakistan to establish RLNG terminal and retail outlets along CPEC route
Shell Pakistan CEO told that before the tanker incident in South Punjab last June, its average market share had stood at 16-18 percent and had fallen by half to 8 percent