Petroleum industry records 6pc drop in local production
Petroleum report for the second quarter ending December finds gas production follows in the fall as its growth saw a 4 pc drop as well
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Petroleum
Fed govt plans to sell shares of OGDCL, other petroleum companies
The privatization board meeting decided to sell 10 percent shares of OGDCL and PPL.
Record increase in petroleum prices approved by govt
Federal government increased petrol price by Rs25.58 after decreasing it a short while back resulting in a countrywide scarcity
Petroleum supply to get better in three days: Omar Ayub Khan
He was talking to media after appear before the Peshawar High Court in a case related to petrol shortage.
Hafeez Shaikh to chair ECC meeting tomorrow
The meeting would mull over a four-point agenda including fixing of wheat support price and petroleum-related matters.
Petroleum sector gets big relief after policy amendments
The policy amendments recommended by the PM's Task Force on Energy were approved by the federal authorities.
Prices of petroleum products fixed as per int’l practice: Asad Umar
The sale prices of petroleum products were fixed in paisas along with rupee as per standard international practice, the minister said.
OGRA proposes up to Rs9.4 hike in petroleum products prices
Sources said the OGRA had forwarded its summary on petroleum prices on the basis of increased rates of general sales tax (GST) and petroleum levy.
Azerbaijan proposed open oil credit facility worth $100 Mn to Pakistan
ISLAMABAD: Pakistan is offered by Azerbaijan to attain an open credit line worth $100 million for the purchase of petroleum related goods, without any superior guarantees.
According to report, a senior government official said at present the offer proposed by Azerbaijan will be a helping hand to Pakistan.
Previously, immense pressure is being built on the government related to balance of payments & falling foreign exchange reserves, for which it is decided that Pakistan will soon originate talks over a bailout…
Senate committee calls for probe into ‘under-utilization’ of PGPC’s LNG Terminal 2
ISLAMABAD: The Senate Standing Committee on Petroleum in its meeting on Monday called for undertaking a probe into the of under-utilization of LNG Terminal 2 at Port Qasim Authority, ARY News reported.
According to details, the Senate committee questioned as to why the Pakistan GasPort Consortium (PGPC) terminal is under-utilized and why power division doesn’t give adequate demands for gas production to the terminal.
The committee expressed serious concerns as to why such a huge terminal was built and wrong assumptions…