PSO
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Panel recommends increasing quota of new gas connections
Move comes amid large number of pending requests
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PSO has sufficient fuel stock in Quetta
Customers in Quetta are encouraged to visit PSO outlets for all their fuelling requirements
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PSO, Attock Petroleum: Joint venture builds fuel storage at new airport
It will supply fuel for Hajj and regular commercial flights
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Five-year agreement: PSO signs fuel supply deal with Railways
Will provide Rs15b worth of petroleum products in 2017-18
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PSO’s receivables cross Rs300b, but govt to release only Rs10b
Overall, finance ministry will give Rs45 billion to energy companies for circular debt
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PSO to transport oil via Pakistan Railways
Signs five-year agreement, will transport 2m tons per year
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PSO to get only Rs5b against Rs295b debt pile
Wants immediate release of Rs105b to clear its current bills
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PSO set to offer branchless banking services
Availability of nationwide network, round-the-clock cash seen as positives for the move.
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Total Parco VP impressed with PSO’s management
Rene Pierre Raffalli and other high officials recently visited the JIMCO Oil terminal in Mehmoodkot
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PSO switches from loss to profit, earns Rs4.14 billion
Recommends interim cash dividend of Rs10 per share
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PSO demands budget allocation for gas, oil imports
Plea comes in backdrop of billions stuck in energy supply chain
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PSO fears oil supply disruption, seeks swift action
Its receivables from clients touch all-time high at Rs281b
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Long-term supplies: Eni quotes higher LNG price, may lose contract
Company offers to bring gas at 12.29% of crude oil price
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Corporate results: PSO’s profit soars 49% in 1HFY17
Earnings per share recorded at Rs36.86 during July-December
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Petroleum products register sales surge of 8%
Increased demand comes due to growing automobiles and higher CNG prices
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Through railways: PSO oil transportation rises to 38%
The oil transportation has increased from 4% to 38% in three years
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Pakistan receives first cargo of better-quality diesel
Vessel brings 55,000 tons from Kuwait, fuel meets Euro-II emission standards
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Water and power ministry seeks PM’s intervention
Requests govt to urgently clear Rs175b in power sector dues, blames finance ministry for unpaid amount
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PSO given the nod to grab majority stake in Pak Refinery
Tribunal dismisses Hascol’s argument that acquisition will reduce competition
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Corporate Corner: PSO sponsors motor sports event
PSO is pleased to have sponsored this action packed and thrilling event
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The easy way out
A staggering Rs250 billion has been added to the outstanding dues of the Pakistan State Oil since June 2013
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PSO suggests kerosene price hike to prevent adulteration
Senate body meets to clamp down on mismanagement
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market watch: Bears dominate in wake of political uncertainty
Benchmark KSE 100-share Index falls 233.26 points
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Rejoinder: WAPDA says it owes nothing to PSO
Following the bifurcation of Wapda’s power wing in 2007, it only deals with the construction of dams and more
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PSO’s receivables swell to Rs251.7 billion
Company approaches power ministry, asking it to clear bills
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ECC forms price committee for LNG imports
Decides petroleum secretary will head the negotiating committee
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PSO unveils premium quality petrol
Upgraded petrol would remain available at current price till regulator announces new rates
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Defence ministry stops PSO from building new oil storages
Asks petroleum ministry to get the go-ahead from National Security Council
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PSO to introduce better-quality diesel in January
It will reduce pollution, meet higher emission standards
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Corporate results: PSO profit rises 35% on volumetric sales
Earns Rs4.37b in Jul-Sept quarter against Rs3.25b last year
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PSO dismisses fears of petrol shortage
Insists shift to higher grades will not cause fuel scarcity
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Rejoinder: PSO says it has petrol stocks for 15 days
PSO has denied that the country is facing any petrol shortage
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Abandoned by world, low-grade petrol runs Pakistan
Minister pleads for producing, importing better quality fuel
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GHPL MD may move court on dispute over pay package
GHPL has been running in profit over the years, but it is now reeling from a circular debt of Rs37 billion
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GHPL on bumpy ride as debt grows, funds choked off
Oil exploration company gets stuck due to dispute over MD’s pay
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Voice of dissent: Threat feared for business in Chitral
A Chitrali company applied for a contract with PSO Pak Gas Agency during 2008
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PSO continues fuel supplies
The Oil Tankers Union tried to disrupt the fuel supplies
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PSO seeks to build storages, connect ports via pipeline
Sends plan to govt for approval and to ensure energy security
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Corporate results: PSO’s profit soars 48% to Rs10.27b
Increase due to growth in sales volume, fall in operating and finance cost
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PSO receives 42 vessels of LNG in 17 months
Company has imported 133,307,087 mmbtu LNG since March 2015
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Lng supply: ‘SNGPL has to pay Rs6.944b to PSO’
In the last month, SNGPL paid Rs8.981 billion to PSO
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Piling debt: PSO receives Rs293b by power sector companies
It supplied inventory worth Rs308b during last 16 months
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Oil product sales rise 5% with shift to petrol from CNG
PSO leads the market in terms of sales volume in 2015-16
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No interruption: PSO to ensure smooth fuel supply
No interruption: PSO to ensure smooth fuel supply
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PSO says there will be no disruption in supply during holidays
Received petrol cargo of 52,000 tons on Friday, another 52,000 tons expected next week
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To meet power shortage, PSO imports increased furnace oil
This will help meet energy needs, especially during Ramazan
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Corporate results: PSO’s profit soars 42% with uptick in sales
Earnings increased to Rs4.59 billion from Rs3.24 billion
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OGRA asks PSO to cancel franchise of expired licence holders
CNG association alleges PSO is demanding illegal payments
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PSO sends back ship carrying poor quality petrol
Vessel had brought 50,000 tons of motor gasoline from UAE company
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PSO wins nod for acquisition of Pakistan Refinery shares
CCP gives approval, saying share purchase will not weaken competition