ECC likely to approve framework agreement with Azerbaijan’s SOCAR for LNG procurement
Pakistan set to take strategic step to secure cheaper LNG, enhance energy cooperation with Azerbaijan
OPEC+ begins meetings that may agree further output cuts
OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as...
Could Custom Bonded Warehouses be the way to efficient petroleum imports?Â
Petroleum division suggests custom bonded warehouses for foreign suppliers as a possible stop-gap solution to import woes.Â
Are publicly listed companies increasing their share capital to avoid new taxes in the upcoming budget?Â
Companies are seeking to deplete their reserves by increasing dividends amongst shareholders in order to circumvent a forthcoming tax expected to be levied in the budget.Â
Imported Russian oil to gradually reduce fuel prices, Musadik Malik emphasises
Supply of inexpensive Russian oil to Pakistan to commence in a week
Oil falls on US debt deal struggles, OPEC+ talks uncertainty
Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market's...
Four months after January blackout, investigation still delayed as corruption allegations loom
Senate Committee expresses concern over delayed investigation into power blackout. Calls for action against corruption and swift action
Steel industry claims producers in erstwhile FATA/PATA evaded Rs150b in taxes
Industry association claims that manufacturers in former FATA/PATA misused tax exemptions to give themselves unfair advantage
Pakistan to receive Russian imported oil in small ships via Oman
ISLAMABAD: Minister of State for Petroleum Musadik Malik on Wednesday said that the first ship carrying 100,000 tonnes of crude oil will...
PM Office raises concerns over unauthorised withdrawal of show cause notice by Petroleum Division
Controversy surrounds exploration license extension for Zamzama North Block
OGDCL to fuel Pakistan’s energy needs with new gas and oil production
OGDCL's Bettani field prepares to deliver energy boost to Pakistan
Cabinet approves MoU with Saudi Arabia to boost IT
Cabinet greenlights game-changing IT partnership with Saudi Arabia
Oil slips as U.S. debt caution offset supply concerns
Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support...
Major tobacco firm initiates shutdowns as smuggled, illicit cigarettes flood market
PTC fears that exponential increase in illicit cigarettes may lead to business shutdown
DISCOs, KE seek power tariff hike for April under FCA and quarterly adjustments
ISLAMABAD: Power Distribution Companies (DISCOs) have requested a Rs 2.01 per unit increase in electricity tariff for April 2023, while K-Electric has...