Pakistan, Russia sign $10bn energy deal
ISLAMABAD:Â Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
Clover Pakistan granted license to operate as lubricant marketing company
The company said it expects an increase in profitability of the business by sale of lubricant products in the upcoming financial year
Oil prices rise 1% ahead of U.S. sanctions against Iran
SINGAPORE: Oil prices rose by 1 percent on Thursday, pushed up by the prospect of tighter markets due to U.S. sanctions against...
China says plots to disrupt ties with Pakistan will fail
BEIJING: Any plots to sow discord in China’s ties with Pakistan will not prevail, the Chinese government’s top diplomat said on Tuesday,...
United Energy to buy Kuwait Energy for $651m
Founded in 1992, United Energy acquired BP’s assets in Pakistan in 2011 for $775 million and has since invested heavily in that country,
ECC postpones power tariff increase decision till next meeting
As a whole, these surcharges generate Rs100 billion per annum to service power sector loans and subsidies for the poor which ensures a uniform power tariff across Pakistan
Pakistan, Russia set to sign $10bn gas pipeline deal
The pipeline will be completed in three to four years
In a major breakthrough, Pakistan and Russia will sign a $10 billion offshore...
Khushhali Bank partners Greenlight Planet to address Pakistan’s energy constraints
HYDERABAD: Khushhali Microfinance Bank (KMBL), Pakistan’s largest microfinance bank, has partnered with Greenlight Planet, a global leader in solar home energy products, with...
Scottish boat-like tidal turbine produces 3 GWh cheap electricity all year round
GLASGOW: Scotland’s Scotrenewables Tidal Power has shared the figures of its tidal energy 2MW prototype called SR2000, which has generated more energy in the past...
World oil demand, refining growth to peak in 2035 — Unipec
Improved energy efficiency and technological changes, including the rise of renewables, meant global oil demand growth would slow in coming years before...
Oil could rise to $100 by 2019 as global markets tighten, merchants warn
SINGAPORE: Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against...
What is the PTI’s energy game plan?
How having a former hydrocarbon company CEO as finance minister will shape the government’s approach to Pakistan’s biggest economic challenge
WAPDA completes Golen Gol-Timergara transmission line
-- The 180-km long transmission line crosses through the most difficult mountainous terrain with extreme weather conditions
ISLAMABAD:Â The Pakistan Water and Power Development...
Hi-Tech Lubricants aim to make a splash in the OMC market
Growth in its core, high-margin business requires the company to expand into the low-margin, high-volume business of selling fuel to retail consumers
Oil: No sign of waning appetite
Oil is so entrenched in the modern world that demand is still rising by up to 1.5 percent a year
LONDON: Global oil...