Month: March 2020

Global Onshore Oil & Gas Pipeline Market Outlook, 2025 – Pipeline Network Growing at a Significant Pace in China and India

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Dublin, March 06, 2020 (GLOBE NEWSWIRE) — The “Onshore Oil & Gas Pipeline Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering. The global onshore oil and gas pipeline market is expected to register a CAGR of more than 5.7% during the forecast period of 2020-2025. According to International Energy Agency (IEA), demand for oil is expected to rise by around 1 million barrels per day (bpd) on average every year till 2025, from 97 million bpd in 2018. In a bid to meet the rising consumption…

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Stocks tumble as global oil rout batters energy shares

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Energy shares on Friday weighed heavy on the capital market as it tumbled tracking international stocks and oil rout after a recent spike in global coronavirus cases reignited scares the world economy was likely at the risk of a depression, dealers said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index lost 2.95 percent or 1162.44 points to close at 38,219.67 points, while KSE-30 followed sank 3.85 percent or 696.71 points to end at 17,385.40 points. Brokerage Topline Securities in a note said, “Reemergence of coronavirus fears triggered yet another global…

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Govt scraps process of OGDC share sale at PSX

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ISLAMABAD: The federal government on Thursday decided to scrap an ongoing process for offloading its stake in Oil and Gas Development Company (OGDC) in the stock market and instead would offer one-tenth of its shares to an international firm having sector expertise. The decision was taken during a meeting held at the Ministry of Privatisation, chaired by Privatisation Minister Mohammad Mian Soomro. The meeting reviewed the options whether to offload 7% stake in the stock market or sell 10% shares to a strategic investor. “The option of strategic sale of up…

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LHC bans use of polythene bags across Lahore

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LAHORE: The Lahore High Court (LHC) on Friday banned the use of polythene bags across the city. During the proceedings, LHC ordered the authorities concerned to implement the court orders and completely prohibit the use of polythene bags within two weeks. LHC’s Justice Shahid Karim ordered the relevant authorities to appraise the court about banning the use of plastic bottles by the next hearing. “In the next phase, we would issue a verdict on banning polythene bags in other cities of Punjab,” the judge said. The court adjourned the hearing until…

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