Petroleum

Ghulam Sarwar Khan says country will offer new blocks for oil, gas exploration

Court issued notices to govt, finance ministry, OGRA, seeks response by April 24

Energy imports drop 16% to $1.02b in Jan 2019 due to downturn in global crude prices

Petroleum Division prepares summary on the project for review in ECC meeting

Former petroleum minister requested permission to travel abroad for medical treatment

It will help in refining and storing imported oil for transportation to China

Petroleum Division secretary prepares, sends report to prime minister

Condition is aimed at building adequate oil storages in country

Sales decreased 27% to 1.44m tons in December 2018

The federal minister said that all public complaints will be resolved soon

Minister says country needs sustained growth in local petroleum production

Fund will be used to supply energy to captive power plants at subsidised rates

Doha is locked in a diplomatic dispute with the group’s de facto leader Saudi Arabia

CEO says, the company would invest $190 million for the oil and gas exploration and production during the year

Earnings boosted by significantly higher sales

The government is likely to increase prices of petroleum products by up to Rs4 per litre

Highest 35% increase has been made in the wellhead price of Mari field

PSO blames it on congestion at two seaports of the country

EPS stands at Rs139.45 compared to Rs82.87 in the previous year

Finance cost rises 62% to Rs241m due to higher borrowing, high interest rate

The price rise came after a notification issued by OGRA about revised rates of the commodity

SC took notice of sudden rise in oil prices and taxes last week

CJP seeks explanation of forumula used to calculate petroleum prices

Remarks that the government needs to needs to adjust taxes rather than burdening the public

Petition says hike in prices is adding to the public's misery

Provincial ameer says interim govt has further burdened the already depressed people

Displeased with state of healthcare in Sindh province

Adequate measures will also have to be taken to rationalise oil and gas prices and manage our resources properly

Of the 48 general consensus proposals, minister indicates accepting 42

Increase mainly due to higher sales and income from other than core business

Directs PSO to start purchasing fuel oil for supply to power plants

MoU signed between the petroleum and oil & gas companies

Pakistan will also purchase petroleum products from Gulf country

Strategic cooperation between petroleum companies

Will pay four installments in 18 months, but does not anticipate impact on cash flow

Under CSR, training and education essential for national development

POL price increase would also affect the country’s agriculture sector

This is the second hike since the beginning of disturbance in oil prices in the international markets

High manganese levels cause harm to vehicle engines and public health

Term increase unjust, demand govt to withdraw decision

Profitability of the company is expected to depict strong growth

Producers and marketers will set prices according to the formula

Says such gasoline damages vehicle engines; OGRA to start probe

Signs MoU to jointly explore opportunities in Africa, Middle East, Central Asia and Russia

Regulator argued deregulation would provide extra money to highly profitable oil industry

Agreement reached for annual supply of 25 to 30 million litres of high speed diesel

Diesel sales also rise, but furnace oil consumption falls

Back govt’s move to unbundle gas utilities, but express demand to have shareholding

State minister defends PSO chief, saying staff pay in utility firms is attractive

Earlier, the government failed to notify new prices for August as there was no cabinet in place