The company is negotiating with government authorities to find an alternate buyer as previously the gas was being supplied to GENCOs for gas-based power generation, PPL told analysts at a brief. “Kandhkot gas field is currently producing 80mmcfd of gas whereas 120mmcfd of gas is idle despite the fact that country is facing acute gas shortage,” Farhan Mahmood, Head of…
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Karachi (PR): Mian Nasser Hyatt Maggo, President FPCCI, has expressed his deep concerns over the approach of the government for not taking the apex business, industry and trade body of Pakistan into the consultative process over mini budget; and, what will it entail! This effectively keeps all the stakeholders out of loop, he added. FPCCI President said that there are…
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Nov 26 – Oil prices plunged more than 10% on Friday, the largest one-day drop since April 2020, as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter. Oil fell with global equities markets on fears the variant could dampen economic growth and fuel demand. Britain and European countries…
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