PARIS: The Financial Action Task Force (FATF) on Friday decided to keep Pakistan on the greylist for another four months till June 2020. FATF authorities will review Pakistan’s implementation on the anti-money laundering watchdog’s recommendations during its next plenary meeting in June 2020. At the conclusion of its plenary meeting, the FATF stated Pakistan’s progress or implementation on its recommendations…
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Turkmenistan plans to hold an international conference titled “TAPI – The Gas Pipeline for Peace and Cooperation” on Feb. 24-25 in Dubai, the UAE, Trend reports with reference to the Turkmenistan State News Agency. Turkmenistan”s Deputy Prime Minister Myratgeldi Meredov said earlier at a government meeting that an international forum to attract foreign investment in the country”s oil and gas…
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According to an official “The drilling began on 14th December 2019 at the Shale gas well, KUC-01 (Kunar Unconventional-1), is in progress. As of January 30, 2020 the well was drilled towards downward of 2,487 meters that will be taken to 3,910 meters in Chiltan formation,”interesting reading: PTCL initiates its 1st Digital Learning Hackathon 2019 Presently, the Oil and Gas Development Company…
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Who says inflation has risen in Pakistan, as the country was ranked the least expensive country in the world to live in, revealed a report. As per the CEOWorld Magazine latest report, Pakistan was ranked the most affordable country on the globe out of 132 countries. Even war-torn countries such as Afghanistan and Syria were placed above Pakistan on the index. CEOWORLD based…
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ISLAMABAD: The federal cabinet on Thursday decided to keep gas and electricity prices unchanged for the next four months [till the announcement of next fiscal budget] and tasked the ministries concerned with reducing taxes on utility bills to provide some relief to the inflation-hit people. The prime minister, while presiding over a meeting of the cabinet, directed the Utility Stores…
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ISLAMABAD: The Petroleum Division has forwarded around 17 onshore oil and gas exploration blocks to the quarters concerned in order to get security clearance and subsequently to initiate the activities to discover hydrocarbon reserves in all four provinces of the country. Currently, there are 38 active exploration licences awarded to both local and foreign national oil companies which are undertaking exploration…
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Commodity trading major Vitol said it expected oil prices to recover later this year once the effect of the coronavirus epidemic wanes, Bloomberg reported, citing the company’s chief executive.Video Player is loading. Before that, however, the oil market will suffer a 200-million-barrel negative impact on demand during the first quarter, Russell Hardy said, with loss of demand in China at 4…
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Venezuela’s President Nicolas Maduro has declared emergency for the country’s oil industry, calling for measures to ensure Venezuela’s energy security, Sputnik reports, quoting a tweet by the presidential administration. “I declare an emergency situation in the oil industry by constitutional and presidential decree in order to take urgent and necessary measures to ensure the country’s energy security and protect the industry from imperialist…
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