Year: 2021

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 19th Apr, 2021 ) :Oil and Gas Regulatory Authority (OGRA) on Monday held a virtual public hearing on petitions seeking licences for construction and establishment of Liquefied Natural Gas (LNG) re-gasification terminals including all allied facilities at Port Qasim, Karachi. The hearing was conducted by OGRA chairman Masroor Khan via video-link in Karachi. The authority’s Members Gas, Oil and senior officials were also present on the occasion, a news release said. Two petitioners Tabeer Energy Private Limited (TEPL) and Energas Terminal…

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Mari Petroleum’s profit fell 17.95% to Rs6.96 billion in the quarter ended March 31, 2021 owing to exchange rate losses as Pakistani rupee appreciated by Rs7 against the US dollar in the third quarter of fiscal year 2020-21. According to a notice sent to the Pakistan Stock Exchange (PSX) on Monday, the oil exploration firm had reported a profit of Rs8.48 billion in the same quarter of 2020. Accordingly, earnings per share amounted to Rs52.14 during the January-March 2021 quarter compared to Rs63.54 in the corresponding period of 2020. Along…

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The government has decided to establish an appellate tribunal by amending the Oil and Gas Regulatory Authority (Ogra) Ordinance 2002 in order to give provinces representation in dealing with disputes in the oil and gas sector. The tribunal will comprise members from provinces, will work as a court and will have powers as vested in such a court under the Code of Civil Procedure. It will have powers to enforce the attendance of any person and examine him on oath, and compel the production of documents. It will issue orders…

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Report of the Inquiry Commission on Shortage of Petroleum Product in Pakistan

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