Oil prices rise on signs that Iranian crude exports fall further
Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source
Hascol Petroleum completes acquisition of Marshal Gas’s LPG plant for Rs175 million
In March last year, Hascol Petroleum in partnership with Vitol formed a new company called VAS LNG (Private) Limited that will deal with the activities relating to the LNG sector.
Govt committed to establishing water & hydropower projects
LAHORE: The Federal Minister for Water Resources Muhammad Faisal Vawda said on Monday that the government was committed to constructing water and hydropower...
Oil drops as U.S. considers granting some waivers on Iran crude sanctions
International benchmark Brent crude oil futures were at $83.26 per barrel at 0352 GMT, down 90 cents, or 1.1 percent, from their last close
Kohinoor Power gives approval for merger with Saritow spinning mills
LAHORE: Kohinoor Power Company on Monday announced it had given an approval for its merger with Saritow Spinning Mills Company, which is...
Inject Rs400b into power sector for avoiding shutdown of power plants, says Senate panel
Cumulative receivables till the end of June 2018 ratcheted up to Rs824.3 billion, rising from Rs670 billion in FY17, said the report
Tarbela’s latest units synced with national grid
ISLAMABAD: The hydel resource development in Pakistan takes a giant leap forward, as the third and the last unit of Tarbela 4th...
NEPRA takes notice of Oct 2 power breakdown in Karachi
ISLAMABAD: 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