Government’s directives to upgrade add to the refineries’ woes
KARACHI: The government has announced a ban on the import of Furnace Oil (FO) and also instructed refineries to utilize deemed duty granted to them on sale of High Speed…
Gas & Oil Pakistan Ltd commissions terminal
KARACHI: The Gas & Oil Pakistan Ltd has commissioned its state-of-the-art terminal at Mahmoodkot, Punjab in the vicinity of PARCO Mid-Country Refinery, which is the largest oil storage facility of…
China, Japan keen to invest in gas
ISLAMABAD: Chinese Sichuan Chuanzhong Gas Investment Co Ltd has expressed its interest to investment in Pakistan’s natural gas exploration and development sector. A visiting delegation of the company on Wednesday…
Pakistan’s LNG imports surge; floats tender for five more consignments
KARACHI: Pakistan’s liquefied natural gas (LNG) imports surged 33 percent in December 2018, while the government has floated another tender inviting bids for five LNG consignments of 140,000 cubic meters…
Engro Elengy Terminal completes 200 ship to ship transfers
KARACHI: Engro Elengy Terminal Ltd (EETL) in nearly 04 years of its safe operation has pumped more than 200 billion cubic feet (BCF) of natural gas in the national grid…
Industrialists assure SSGC of Sunday closure for better line pack
KARACHI: In the backdrop of prevalent gas shortfall in Karachi, the industrial bodies and associations of the city held a meeting with the SSGC management in the Company Head Office…
Pakistan slaps absolute ban on furnace oil imports
ISLAMABAD: Prime Minister Imran Khan Wednesday ordered to immediately impose a ban on any further import of furnace oil. He was chairing a meeting of Cabinet Committee on Energy at…
Alpha Petroleum Services, USA and RigMax officials visit PPL
KARACHI: A group of USA companies comprising of Alpha Petroleum Services of USA and withholding company RigMax, headed by their Chief Executive Officer, Truman Wright visited Pakistan Petroleum Limited (PPL)…
Another mini-budget on the cards: Asad Umar
KARACHI: Hinting towards another ‘mini-budget’ to address the economic challenges facing the country, Finance Minister Asad Umar said financial aid received from Saudi Arabia, China and the United Arab Emirates…
Sui Southern Gas Company launches winter safety campaign
Careless use of gas-fired appliances during winters are a cause of unnecessary deaths and injuries especially in the bitterly cold regions. Every year, the Company launches ’Winter Safety Campaign’ in…
Lesser production from fields disturbs entire natural gas supply chain
KARACHI: The slowdown in the production from major fields, due to oil shortage issue, has caused a gas crisis in the Southern region of the country, as the Sui Southern…
SSGC suspends gas supply to captive power
KARACHI: The Sui Southern Gas Company (SSGC) has suspended gas supply to general industry captive power for an indefinite period. Notices regarding closure of gas supply were served on Tuesday.…
Siraj Teli appreciates PM for taking business community’s input on numerous issues
KARACHI: Chairman Businessman Group (BMG) & Former President Karachi Chamber of Commerce and Industry (KCCI) Siraj Kassam Teli, who led a KCCI’s delegation at Sunday’s meeting with Prime Minister Imran…
Imran Khan’s meetings with business community fail to build confidence
KARACHI: The business community is confused and perturbed. Prime Minister Imran Khan’s series of meetings with business leaders in Karachi on Sunday did not do much help. The 100 days…
Industrialists demand gas connections to export-oriented industry on priority
KARACHI: Pakistan Hosiery Manufacturers & Exporters Associations (PHMA), Central Chairman, Muhammad Jawed Bilwani has welcomed the proposal of Petroleum Division to lift moratorium on new connections of indigenous natural gas…
Pakistan’s LNG imports jump; invites bids for 2019 supplies
KARACHI: Pakistan’s liquefied natural gas (LNG) imports surged 123.3 percent to $1.19 billion in the first four months of the fiscal year (July-October 2018-2019) as the country opts for imported…
KCCI concerned over upsurge in petroleum prices
Rise in petroleum, gas, electricity prices to intensify miseries for common man: Junaid Makda KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda has expressed deep concern…