The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by $2.06 on May 13 compared to the previous price, settling at $67.36 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $66.74 per barrel on May 13, decreasing by $2.04 compared to the previous price.—AzerNews
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Dubai: Pakistan’s economy is on a solid growth path and has potential to grow at a much higher rate in the next five years despite a challenging environment across the globe, Dubai-based Khaleej Tiimes reported experts as saying. Top government officials, analysts and corporate leaders repose trust in the growing economy and said higher GDP growth in the five-to-six per cent per annum range is going to be a ‘new normal’ in the next five years considering strong economic indicators. “Yes, we have a potential to grow at much higher…
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HANGU: In a bid to arrest widespread effects of third wave of Covid-19, the MOL Pakistan Oil and Gas Company B.V. has extended support to the district management by providing quality hand sanitizers and a sizable quantity of Personal protective equipment (PPEs) including face masks and disposable gowns. The donation was given to the district administration at a ceremony here, said a press release. Hameedullah Shah, Deputy Commissioner (DC) Hangu and Sardar Bahadar, additional deputy commissioner (ADC) Hangu appreciated the MOL Pakistan for the initiative. In his message, MOL Group…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :Oil and Gas Regulatory Authority (OGRA) Saturday said the fortnightly price-computation of the petroleum products would be carried out on May 17. The delay in the petroleum prices’ revision was owing to the countrywide anti-coronavirus SOPs (standard operating procedures) introduced to stem the spread of the deadly coronavirus; and the Eid-ul-Fitr holidays. “Due to lockdown and Eid holidays, it was decided that oil price computation will be done on May 17, 2021, ” OGRA Spokesman Imran Ghaznavi…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has postponed the announcement of new prices of petroleum products on May 16, citing sources, ARY News reported. The announcement regarding the new prices of petroleum products could be made today (May 16, Sunday) as the Oil and Gas Regulatory Authority (OGRA) did not prepare the summary following Eidul Fitr holidays, sources told ARY News. It is expected that the regulatory authority will announce the new prices on May 17 after sending a summary to the Petroleum Division for approval. The modified…
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