Mari Petroleum acquires two new exploration blocks
KARACHI: Mari Petroleum Company Limited (MPCL) Board of Directors has approved acquisition of two new blocks, which have been provisionally awarded to the Company, for being the highest bidder, in…
Pakistan’s electricity generation down by 2.7 percent in January
KARACHI: Pakistan’s overall electricity generation witnessed a decline of 2.7 percent YoY to 7,764 GWh during January 2019, as compared to 7,982 GWh January 2018. Gas based generation took a…
Pakistan liquefied natural gas (LNG) imports surge 75pc to $1.97 billion
KARACHI: Pakistan’s Liquefied natural gas (LNG) imports in seven months (July-January 2018-19) stood at $1.97 billion, up 74.68 percent as compared with LNG imports of $1.129 billion in the corresponding…
Ten MoUs including one on $10bn refinery to be signed with Saudi Arabia
ISLAMABAD: Ten memorandum of understanding (MoUs) including one on a $10 billion oil refinery and petrochemical complex are going to be signed with the Saudi Government during the visit of…
Two vessels carrying LNG berthed at Port Qasim
KARACHI: Two vessels carrying LNG – 140,000 cubic meters each – berthed at separate terminals at Port Qasim on Tuesday. Federal Minister for Maritime Affairs Syed Ali Haider Zaidi appreciated…
Port Qasim conducting LNG zone study
ISLAMABAD: Port Qasim Authority (PQA) is embarking upon LNG zone study to decide where to give areas to the private sector LNG terminals at the port which could have a…
Pakistan grants exploration licenses for 10 blocks: energy minister
KARACHI: PTI government has granted licenses for 10 exploration blocks to expedite exploration activities, Federal Energy Minister Ghulam Sarwar Khan said on Friday at Karachi airport. Replacing reserves and maintaining…
Pakistan floats tender for 840,000 cubic meters of LNG supply in May/June
KARACHI: Pakistan LNG Limited (PLL) has invited bids from international suppliers for the supply of six liquid natural gas (LNG) cargoes of 140,000 cubic meters each for May-June 2019 on…
Increasing coal consumption stresses need of better transportation
KARACHI: As Pakistan’s coal consumption is increasing and country has already obtained world class mechanized coal handling, transportation of coal upcountry through roads and highways needs government’s attention. According to…
PVC, PTA margins decline in January 2019
KARACHI: During January 2019, PVC and PTA margins declined by 1.8 percent MoM (USD 472/ton) and 19.9 percent MoM (USD 133/ton), respectively. However, PSF margins are up by 18.1 percent…
Gazprom, Inter State Gas sign MoU to evaluate gas supply from Middle East to South Asia
KARACHI: A Gazprom delegation headed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, paid a working visit to the Islamic Republic of Pakistan today. As part of the…
K-Electric wants removal of capping on use of RLNG for its power plants
KARACHI: The K-Electric has sought removal of requirement, imposed by the power regulator, to utilize 130 mmcfd of local gas prior to using RLNG, which would enable it to consume…
Petroleum products sales decline 29 percent in July-January of 2018/19
KARACHI: Pakistan’s both black and white oil volumetric sales declined during seven months (July-January 2018-19) with overall sales volumes of oil marketing companies (OMC) clocking-in at 10.70 million tons as…
Symbolic decrease in petroleum products prices for February
LAHORE: Government has decided to reduce the prices of petroleum products barring High Speed Diesel (HSD), for the month of February 2019. While price of HSD is being maintained at…
Pakistan remains committed to TAPI project
ISLAMABAD: Pakistan remains fully committed to the successful implementation of the TAPI Gas pipeline project, as it is vital to Pakistan’s energy portfolio and a catalyst for closer regional integration,…
Pakistan to sign oil & gas supply agreement with Azerbaijan in February
ISLAMABAD: Pakistan and Azerbaijan will formally sign a commercial agreement for supply of oil and gas products this February on arrival of Azerbaijan’s foreign minister in Islamabad. Azerbaijan is one…
Asia Petroleum’s Asia Energy seeks license for 30MW solar plant in Punjab
KARACHI: Asia Energy Private Limited, a subsidiary of Asia Petroleum Limited, has sought a license to setup a 30MW solar power generation facility in Punjab with an estimated cost of…
Government ends exemption given to K-Electric to import furnace oil through PSO
ISLAMABAD: After protests by local refineries, the government has notified a complete ban on import of furnace oil, ending an earlier exemption allowed to K-Electric. The decision was reportedly taken…
Danish companies to compete in bidding process for new renewable energy projects
ISLAMABAD: Federal Minister for Power, Omar Ayub Khan has welcomed the Danish investors for their firm commitment to participate in bidding process for Renewable Energy projects which the present government…
PPL funds solar power modules for 500 houses in Awaran
KARACHI: Pakistan Petroleum Limited (PPL) has donated Rs. 15.5 million for providing solar power modules (SPMs) to meet the much-needed electricity requirements of 500 households in District Awaran, Balochistan. To…