Oil and gas sector

Proposal for call option for two years sent to ECC for approval

Petroleum Division floats proposal to eliminate Rs181b circular debt in gas sector

Saudi Arabian Oil Co (Aramco) raised a record $25.6 billion in its IPO last week

PTI govt mulls giving OGRA more teeth

Urge SSGC to overcome line losses to partially bridge revenue shortfall

Prices crashing due to Jan 1 deadline for stopping production of high sulphur oil

Unveils Alternative Energy Development Policy 2019, abolishes upfront tariff

Punjab CM warns PM Imran about looming danger of huge financial loss due to state-owned companies' 'negligence'

Seven years ago, lack of power availability was one of the biggest issues in Pakistan

OMC also suffers loss of over Rs800m in LNG business in Q1

Dr Abdul Hafeez Shaikh says guarantees will primarily be used to tackle circular debt

Investment put off after arrest of businessman on money laundering charges

Price of LDO comes down to Rs85.33 per litre from Rs91.89

Petroleum Division considers provision of pipeline gas or LPG cylinders more feasible

Earlier, ECC had decided cost of gas, power supply to SEZs will be met through PSDP

Rise comes on back of surge in finance income and net sales

Challenges also include rupee depreciation, higher tax rates

Say OMCs, dealers are seeking higher margins on petrol and diesel sale

It comes due to reduction in expenses of company

Argues it cannot award contract in absence of firm LNG demand from SNGPL

Compliance with IMO 2020 convention will involve significant costs for refining, shipping industries

Chinese investors were presented with pre-feasibility studies conducted by KPOGCL

Petroleum minister says total of 82 gas discoveries made during last three years

No money has been released to Karak, Hangu and Kohat in FY 2015-16

Amount kept lower against outgoing year’s initial target due to sharp fall in crude prices

Petroleum ministry adviser says country needs to tap potential