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Oil sales rise in July as demand picks up pace

par Aug 5, 2017 0

KARACHI: per Sales of petroleum products rose to 2.31 million tons in July 2017, up 9% month-on-month and 8% year-on-year, showed data released by the...

OGDC Discovers New Gas Reserves in Sindh

par Aug 5, 2017 0

Oil and Gas Development Company (OGDC) has found new oil and gas deposits in Bhambra – 1, located in district Sukkhur, Sindh according to a bourse fil...

Govt to provide guarantees for LNG pipeline financing

par Jul 28, 2017 0

ISLAMABAD: As the country’s gas reserves deplete, the federal government has agreed to provide guarantees for raising Rs175 billion for building a thi...

Oil tankers’ strike

par Jul 28, 2017 0

The oil tankers' strike mercifully ended on July 26 after three days of disruption of supplies, which caused long queues of customers at filling stati...

Govt considering revising upwards pay of OGRA chief, members

par Jul 26, 2017 0

ISLAMABAD: The government is likely to increase pay packages of the chairman and members of the Oil and Gas Regulatory Authority (Ogra), which keeps a...

Ministry issues 12 more notices to oil and gas companies

par Jul 19, 2017 0

ISLAMABAD: The Ministry of Petroleum and Natural Resources has issued another 12 notices to six oil and gas companies, due to their failure to start e...

After petrol, govt plans to introduce higher grade of diesel

par Jul 19, 2017 0

ISLAMABAD: The government has decided to introduce better quality of High Speed Diesel (HSD) under the deregulated regime of oil marketing companies (...

OGDCL announces Rs 126.629 billion PAT

PAR Apr 22, 2017 0

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held at OGDCL Head Office Islamabad announced the financial...

Oil prices mixed in choppy trade, rising US production weighs

PAR Apr 22, 2017 0

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising US production against geopolitical uncertainties and co...

Oil prices mixed in choppy trade, rising US production weighs

PAR Apr 21, 2017 0

Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising US production against comments from leading Gulf oil produc...

Pakistan to sign agreement with Azerbaijan to facilitate oil, gas import

PAR Feb 28, 2017 0

ISLAMABAD: Pakistan and Azerbaijan will sign an inter-governmental agreement (IGA) to facilitate import of oil and gas products from the former Soviet...

Oil down two percent as dollar firms, OPEC compliance rate shrugged off

PAR Feb 14, 2017 0

Oil prices declined on Monday by about 2 percent, the most since mid-January, pressured by a stronger dollar and signs of rising US crude output. Inve...

Ogra issues fresh safety guidelines to LPG distributors

PAR Feb 14, 2017 0

Oil and Gas Regulatory Authority (Ogra) has issued fresh safety guidelines to LPG distributors to avoid unfortunate LPG cylinder blast incidents in fu...

LPG price reduced by Rs 300/kg for domestic customers

PAR Feb 9, 2017 0

ISLAMABAD: Price of Liquefied Petroleum Gas for domestic usage has reduced by Rs 300 per kilogram on Wednesday. The price reduction took place after...

Oil extends losses as gasoline weighs down prices

PAR Feb 8, 2017 0

Oil prices fell on Tuesday, pressured by sluggish demand and evidence of a burgeoning revival in US shale production that could complicate efforts by...